Keysight Technologies, Inc. (NYSE:KEYS) Position Lifted by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc boosted its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,218 shares of the scientific and technical instruments company's stock after buying an additional 10,448 shares during the quarter. Keysight Technologies makes up about 3.0% of Foyston Gordon & Payne Inc's holdings, making the stock its 10th largest position. Foyston Gordon & Payne Inc's holdings in Keysight Technologies were worth $11,966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in Keysight Technologies in the 4th quarter valued at approximately $395,789,000. Van ECK Associates Corp grew its position in shares of Keysight Technologies by 105.5% in the fourth 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 purchasing an additional 1,223,694 shares in the last quarter. Northern Trust Corp raised its stake in shares of Keysight Technologies by 5.2% during the 3rd quarter. Northern Trust Corp now owns 2,069,120 shares of the scientific and technical instruments company's stock valued at $273,765,000 after purchasing an additional 102,420 shares during the period. Invesco Ltd. lifted its holdings in 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 worth $229,203,000 after purchasing an additional 247,250 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Keysight Technologies by 3.7% in the 3rd quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company's stock worth $223,437,000 after purchasing an additional 60,158 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Keysight Technologies from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Finally, Barclays raised their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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 that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

Keysight Technologies Trading Down 0.5 %

NYSE:KEYS traded down $0.80 during trading hours on Friday, hitting $150.21. The company had a trading volume of 862,989 shares, compared to its average volume of 1,037,723. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a market capitalization of $26.22 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 6.84 and a beta of 1.06. The stock has a 50-day moving average price of $152.24 and a 200 day moving average price of $148.31.

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