Lyell Wealth Management LP Has $551,000 Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Lyell Wealth Management LP boosted its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,029 shares of the scientific and technical instruments company’s stock after purchasing an additional 180 shares during the quarter. Lyell Wealth Management LP’s holdings in Keysight Technologies were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB bought a new position in Keysight Technologies in the 1st quarter valued at about $621,993,000. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 352.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after buying an additional 2,462,543 shares during the period. Norges Bank bought a new position in Keysight Technologies in the 4th quarter valued at about $303,444,000. Capital World Investors bought a new position in Keysight Technologies in the 1st quarter valued at about $250,097,000. Finally, Jennison Associates LLC increased its holdings in Keysight Technologies by 53.2% in the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after buying an additional 1,323,775 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Up 1.1 %

Shares of NYSE KEYS opened at $150.04 on Monday. The company has a market capitalization of $26.04 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The company’s 50 day moving average price is $140.54 and its 200-day moving average price is $144.96.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.04 EPS. Equities analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current year.

Insider Transactions at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Bank of America lifted their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Finally, Barclays lifted their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

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.