Mission Wealth Management LP Buys 9,483 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Mission Wealth Management LP grew its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 69.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,112 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,483 shares during the period. Mission Wealth Management LP’s holdings in Keysight Technologies were worth $3,677,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in Keysight Technologies in the third quarter worth $25,000. OFI Invest Asset Management acquired a new position in shares of Keysight Technologies during the third quarter valued at about $26,000. Venturi Wealth Management LLC grew its holdings in shares of Keysight Technologies by 145.9% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 159 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Keysight Technologies during the third quarter valued at about $44,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Keysight Technologies by 31.5% during the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

KEYS has been the topic of several research reports. Barclays lifted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Citigroup boosted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $160.63.

Insider Activity

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS stock traded down $2.27 during mid-day trading on Tuesday, hitting $147.94. The company had a trading volume of 1,108,260 shares, compared to its average volume of 1,222,498. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The stock’s 50 day moving average price is $152.76 and its 200-day moving average price is $147.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The company has a market capitalization of $25.82 billion, a P/E ratio of 27.39, a P/E/G ratio of 6.73 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $1.72 earnings per share. Keysight Technologies’s quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts forecast 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.