Geneva Capital Management LLC Grows Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Geneva Capital Management LLC boosted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 0.2% in the fourth quarter, Holdings Channel reports. The fund owned 211,331 shares of the scientific and technical instruments company’s stock after buying an additional 379 shares during the quarter. Geneva Capital Management LLC’s holdings in Keysight Technologies were worth $33,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KEYS. Jennison Associates LLC purchased a new position in shares of Keysight Technologies during the 4th quarter valued at approximately $395,789,000. Van ECK Associates Corp boosted its stake in shares of Keysight Technologies by 105.5% during the 4th quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after buying an additional 1,223,694 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Keysight Technologies by 14,134.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock valued at $41,641,000 after buying an additional 312,509 shares during the last quarter. Findlay Park Partners LLP boosted its stake in shares of Keysight Technologies by 35.8% during the 3rd quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock valued at $149,123,000 after buying an additional 297,147 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Keysight Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after buying an additional 247,250 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

NYSE KEYS traded up $0.21 during trading hours on Thursday, hitting $151.01. The company had a trading volume of 651,670 shares, compared to its average volume of 1,192,776. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $152.44 and a 200-day simple moving average of $147.91. The firm has a market cap of $26.36 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last issued its 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. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. Equities analysts predict that Keysight Technologies, Inc. will post 5.4 EPS 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.