Vertical Research Begins Coverage on Keysight Technologies (NYSE:KEYS)

Vertical Research assumed coverage on shares of Keysight Technologies (NYSE:KEYS) in a research report released on Tuesday, MarketBeat reports. The firm issued a buy rating and a $175.00 price objective on the scientific and technical instruments company’s stock.

Several other research analysts have also recently weighed in on KEYS. Barclays upped their price objective 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. Robert W. Baird upped their price objective on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an outperform rating in a research report on Tuesday, May 21st. Finally, Susquehanna decreased their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a positive rating on the stock in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $167.20.

Keysight Technologies Trading Up 1.8 %

Shares of KEYS opened at $138.40 on Tuesday. The business’s 50-day moving average price is $139.51 and its 200-day moving average price is $148.40. Keysight Technologies has a twelve month low of $118.57 and a twelve month high of $170.60. The stock has a market cap of $24.16 billion, a PE ratio of 30.15, a P/E/G ratio of 4.70 and a beta of 0.95. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. On average, equities analysts forecast that Keysight Technologies will post 5.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kevin A. Stephens bought 460 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $143.35 per share, with a total value of $65,941.00. Following the completion of the purchase, the director now directly owns 7,681 shares in the company, valued at $1,101,071.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Lisa M. Poole sold 440 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kevin A. Stephens acquired 460 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $143.35 per share, with a total value of $65,941.00. Following the purchase, the director now owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. raised its holdings in shares of Keysight Technologies by 16.3% during the second quarter. Argonautica Private Wealth Management Inc. now owns 8,016 shares of the scientific and technical instruments company’s stock valued at $1,096,000 after acquiring an additional 1,122 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Keysight Technologies by 0.8% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 92,539 shares of the scientific and technical instruments company’s stock worth $12,655,000 after purchasing an additional 691 shares in the last quarter. State of Michigan Retirement System raised its holdings in Keysight Technologies by 0.6% in the second quarter. State of Michigan Retirement System now owns 50,331 shares of the scientific and technical instruments company’s stock worth $6,883,000 after purchasing an additional 300 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its holdings in Keysight Technologies by 7.2% in the second quarter. Nichols & Pratt Advisers LLP MA now owns 4,275 shares of the scientific and technical instruments company’s stock worth $585,000 after purchasing an additional 288 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in Keysight Technologies in the second quarter worth $44,000. Institutional investors own 84.58% of the company’s stock.

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.