Keysight Technologies, Inc. (NYSE:KEYS) Given Average Rating of “Moderate Buy” by Analysts

Keysight Technologies, Inc. (NYSE:KEYS) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $167.67.

A number of research analysts have recently commented on the stock. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Susquehanna dropped their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Robert W. Baird dropped their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in KEYS. Swedbank AB raised its stake in Keysight Technologies by 3.8% in the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after buying an additional 151,446 shares in the last quarter. Jennison Associates LLC boosted its position in Keysight Technologies by 53.2% during the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after acquiring an additional 1,323,775 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares during the period. Norges Bank bought a new position in shares of Keysight Technologies in the 4th quarter worth approximately $303,444,000. Finally, AMF Tjanstepension AB lifted its stake in shares of Keysight Technologies by 96.0% in the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock valued at $264,665,000 after purchasing an additional 828,913 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS opened at $155.38 on Friday. Keysight Technologies has a 52-week low of $118.57 and a 52-week high of $162.51. The stock’s 50-day simple moving average is $141.62 and its 200 day simple moving average is $144.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The stock has a market capitalization of $27.12 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 earnings per share. Research analysts forecast that Keysight Technologies will post 5.35 EPS for the current fiscal year.

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.