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

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

A number of other institutional investors also recently bought and sold shares of the business. Ancora Advisors LLC purchased a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in Keysight Technologies during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its stake in 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 purchasing an additional 159 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Keysight Technologies during the third quarter worth approximately $44,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of Keysight Technologies by 31.5% in 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 during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

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

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, equities research analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Barclays increased their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Finally, Citigroup boosted 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.63.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction on 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 transaction, 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 SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.