StockNews.com Upgrades Keysight Technologies (NYSE:KEYS) to Buy

StockNews.com upgraded shares of Keysight Technologies (NYSE:KEYS) from a hold rating to a buy rating in a research report report published on Thursday.

A number of other research firms also recently weighed in on KEYS. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird raised their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Susquehanna restated a “positive” rating and issued a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Price Performance

NYSE KEYS opened at $173.01 on Thursday. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.16 and a beta of 1.02. Keysight Technologies has a 1-year low of $119.72 and a 1-year high of $175.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The business’s fifty day moving average price is $165.27 and its 200-day moving average price is $153.89.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,063 shares of company stock worth $5,573,941. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Keysight Technologies

Several hedge funds have recently bought and sold shares of KEYS. Profund Advisors LLC lifted its position in shares of Keysight Technologies by 6.7% in the second quarter. Profund Advisors LLC now owns 3,531 shares of the scientific and technical instruments company’s stock worth $483,000 after buying an additional 221 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Keysight Technologies by 56.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 6,679 shares of the scientific and technical instruments company’s stock worth $913,000 after acquiring an additional 2,410 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Keysight Technologies by 7.8% during the 2nd quarter. Bank of Montreal Can now owns 223,230 shares of the scientific and technical instruments company’s stock valued at $30,716,000 after acquiring an additional 16,193 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Keysight Technologies by 60.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,431 shares of the scientific and technical instruments company’s stock valued at $4,572,000 after purchasing an additional 12,531 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in Keysight Technologies by 12.1% in the second quarter. Insigneo Advisory Services LLC now owns 2,574 shares of the scientific and technical instruments company’s stock worth $352,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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.