Susquehanna Trims Keysight Technologies (NYSE:KEYS) Target Price to $195.00

Keysight Technologies (NYSE:KEYS) had its price target reduced by Susquehanna from $208.00 to $195.00 in a report published on Tuesday, Benzinga reports. Susquehanna currently has a positive rating on the scientific and technical instruments company’s stock.

KEYS has been the topic of several other research reports. Barclays boosted their price target 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. Robert W. Baird raised their price target on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an outperform rating in a research report on Tuesday. Citigroup increased their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an overweight rating to a neutral rating and dropped their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. One 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, the stock currently has a consensus rating of Moderate Buy and an average price target of $166.33.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $144.04 on Tuesday. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 4.83 and a beta of 1.06. Keysight Technologies has a 1-year low of $118.57 and a 1-year high of $172.72. The business has a 50-day moving average of $151.71 and a 200-day moving average of $150.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $1.72 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Keysight Technologies will post 5.4 EPS for the current fiscal year.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on 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 owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEYS. Brown Shipley& Co Ltd boosted its position in Keysight Technologies by 1.0% during the 4th quarter. Brown Shipley& Co Ltd now owns 6,452 shares of the scientific and technical instruments company’s stock worth $1,026,000 after acquiring an additional 67 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Keysight Technologies by 0.9% in the first quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock valued at $1,224,000 after buying an additional 71 shares during the last quarter. Trust Investment Advisors lifted its position in Keysight Technologies by 1.8% during the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock worth $664,000 after buying an additional 75 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Keysight Technologies by 28.0% during the 1st quarter. Venturi Wealth Management LLC now owns 343 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 75 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its position in Keysight Technologies by 0.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 12,627 shares of the scientific and technical instruments company’s stock valued at $1,975,000 after acquiring an additional 77 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

About Keysight Technologies

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.