Keysight Technologies (NYSE:KEYS) Price Target Raised to $167.00

Keysight Technologies (NYSE:KEYS) had its target price boosted by Robert W. Baird from $155.00 to $167.00 in a report released on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other research firms have also recently weighed in on KEYS. 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 stock an equal weight rating in a report on Wednesday, February 21st. Finally, Citigroup increased their target price on Keysight Technologies from $157.00 to $168.00 and gave the stock a buy rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $166.33.

Keysight Technologies Stock Down 2.5 %

KEYS stock opened at $143.84 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.44. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 6.63 and a beta of 1.06. The business’s fifty day moving average price is $151.82 and its two-hundred day moving average price is $150.04. Keysight Technologies has a fifty-two week low of $118.57 and a fifty-two week high of $172.72.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data 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 analysts’ expectations of $1.25 billion. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.72 EPS. On average, equities analysts anticipate that Keysight Technologies will post 5.4 earnings per share for the current year.

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Keysight Technologies

Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in shares of Keysight Technologies during the third quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Keysight Technologies during the first quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of Keysight Technologies during the first quarter valued at about $31,000. Venturi Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Keysight Technologies by 31.5% during 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 in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

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.