HLMA, SGE, AVV, AVST, SXS: Top FTSE tech stocks to keep an eye on - Kalkine Media

May 16, 2022 02:11 PM BST | By Priya Bhandari
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Highlights

  • In the last few years, the UK technology sector has flourished due to increase in demands for products and services.
  • Various tech unicorns have grown tenfold between 2010 and 2020.
  • During the pandemic, the FTSE tech stocks got a lot of attention as several tech IPOs were listed on the London Stock Exchange.

In the last few years, the UK tech sector has flourished due to an increase in demands for products and services within e-commerce, cybersecurity, Software-as-a-service (SaaS), and Artificial Intelligence subsectors.

Various tech unicorns grew manifolds between 2010 and 2020. During the pandemic, many FTSE tech stocks got a lot of attention as there were a number of significant IPOs listing on the London Stock Exchange, including, Darktrace (LON:DARK), Deliveroo (LON:ROO), Wise Plc (LON:WISE) and Trustpilot (LON:TRST), despite pandemic disrupting most sectors and industries.

Top UK tech stocks to keep an eye on

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The UK is the third country to surpass the US$1 trillion valuation after China and the US in the field of tech.

Let us look at the top 5 FTSE-listed top tech stocks.

  1. Halma Plc (LON: HLMA)

Halma Plc is engaged in the operations and manufacturing of products in the field of protection services, safety, medical equipment, and lifestyle enhancement. The company has recently announced the acquisition of Deep Trekker, which is a market-leading manufacturer of remotely operated underwater robots for a cash consideration of around £36 million.

With a market cap of £8,420.53 million, the share value of the FTSE 100 listed company depreciated by -12.01% over the last one year as of 16 May 2022, while its year-to-date return stands at -31.34%. Halma Plc’s shares were trading at GBX 2,198.00, down by 0.90% at 9:30 AM (GMT), as of 16 May 2022.

  1. Sage Group Plc (LON: SGE)

Sage Group Plc is a multinational enterprise software company engaged in providing accounting and business management software. The company recently reported revenue at £934 million in H1 2022, as compared to £937 million in H1 2021. It reported strong organic recurring revenue growth of 8%.

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With a market cap of £7,021.39 million, the share value of the FTSE 100 listed company appreciated by 4.89% over the last one year as of 16 May 2022, while its year-to-date return stands at -20.71%. Sage Group Plc’s shares were trading at GBX 676.00, down by -1.97% at 9:30 AM (GMT), as of 16 May 2022.

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  1. AVEVA Group Plc (LON: AVV)

AVEVA Group Plc is a multinational information technology consulting company that offers operational industrial software, with engineering software. The company achieved 18% revenue growth in Q4 on pro forma organic constant currency basis, driven by exceptional performance from PI System. It has also reported that it will drive an acceleration in ARR growth in FY23 to a level of 15% to 20%.

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With a market cap of £6,424.59 million, the share value of the FTSE 100 listed company devalued by -33.96% over the last one year as of 16 May 2022, while its year-to-date return stands at -37.81%. AVEVA Group Plc’s shares were trading at GBX 2,112.00, down by -0.85% at 9:30 AM (GMT), as of 16 May 2022.

Top UK tech stocks to keep an eye on

2022 Kalkine Media®

  1. Avast Plc (LON: AVST)

Avast Plc is a multinational cyber security company that offers consumer personal computer antivirus security software under the Avast and AVG brands. With a market cap of £5,162.42 million, the share value of the FTSE 100 listed company appreciated by 10.77% over the last one year as of 16 May 2022, while its year-to-date return stands at -18.71%. Avast Group Plc’s shares were trading at GBX 493.60, down by -0.46% at 9:30 AM (GMT), as of 16 May 2022.

  1. Spectris Plc (LON: SXS)

Spectris Plc is an instrumentation company, which provides instruments, test equipment and software for industrial applications. The company has recently entered into a purchase agreement to acquire Dytran Instruments for £66 million.  

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With a market cap of £3,350.39 million, the share value of the FTSE 250 listed company depreciated by -3.00% over the last one year as of 16 May 2022, while its year-to-date return stands at -16.98%. Spectris Plc’s shares were trading at GBX 3,038.00, up by 0.13% at 9:30 AM (GMT), as of 16 May 2022. 

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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