Dynamic Technology Lab Private Ltd Purchases New Position in Keysight Technologies, Inc. (NYSE:KEYS)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,326 shares of the scientific and technical instruments company’s stock, valued at approximately $688,000.

Several other institutional investors have also modified their holdings of KEYS. Private Advisor Group LLC lifted its position in Keysight Technologies by 4.1% in the third quarter. Private Advisor Group LLC now owns 5,669 shares of the scientific and technical instruments company’s stock valued at $750,000 after acquiring an additional 222 shares during the last quarter. Syon Capital LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $223,000. NBC Securities Inc. purchased a new position in Keysight Technologies during the 3rd quarter worth approximately $453,000. Guinness Asset Management LTD increased its position in Keysight Technologies by 2.8% during the third quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock worth $422,000 after buying an additional 88 shares during the period. Finally, Ieq Capital LLC increased its position in Keysight Technologies by 3.0% during the third quarter. Ieq Capital LLC now owns 8,466 shares of the scientific and technical instruments company’s stock worth $1,120,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Robert W. Baird raised their price objective on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays upped their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday. Susquehanna lowered their price target on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a report on Tuesday. Finally, Citigroup upped their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.33.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $143.84 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $151.82 and a 200 day moving average price of $150.04. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a market cap of $25.11 billion, a P/E ratio of 31.34, a PEG ratio of 4.96 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $1.72 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Research analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.