Keysight Technologies, Inc. (NYSE:KEYS) Receives $196.75 Average Price Target from Brokerages

Keysight Technologies logoKeysight Technologies, Inc. (NYSE:KEYS – Get Rating) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two equity research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $196.75.

Several analysts have commented on KEYS shares. Wells Fargo & Company started coverage on shares of Keysight Technologies in a research report on Thursday, November 3rd. They issued an “overweight” rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, October 10th. Barclays lowered their price objective on shares of Keysight Technologies to $175.00 in a research report on Monday, November 21st. StockNews.com started coverage on shares of Keysight Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Morgan Stanley lifted their price objective on shares of Keysight Technologies from $170.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 13th.

Insider Buying and Selling

In related news, SVP Jeffrey K. Li sold 2,236 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $179.03, for a total transaction of $400,311.08. Following the sale, the senior vice president now owns 24,721 shares of the company’s stock, valued at approximately $4,425,800.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Jeffrey K. Li sold 2,236 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $179.03, for a total transaction of $400,311.08. Following the sale, the senior vice president now owns 24,721 shares of the company’s stock, valued at approximately $4,425,800.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Skinner sold 3,625 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $176.06, for a total transaction of $638,217.50. Following the sale, the vice president now directly owns 17,005 shares in the company, valued at approximately $2,993,900.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,480 shares of company stock valued at $4,724,731. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

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A number of hedge funds and other institutional investors have recently bought and sold shares of KEYS. JPMorgan Chase & Co. grew its stake in Keysight Technologies by 35.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,734,064 shares of the scientific and technical instruments company’s stock worth $514,741,000 after buying an additional 983,521 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in Keysight Technologies in the 3rd quarter worth approximately $147,028,000. Alphinity Investment Management Pty Ltd grew its stake in Keysight Technologies by 56.6% in the 2nd quarter. Alphinity Investment Management Pty Ltd now owns 1,386,055 shares of the scientific and technical instruments company’s stock worth $191,068,000 after buying an additional 501,149 shares in the last quarter. Bessemer Group Inc. grew its stake in Keysight Technologies by 17,300.3% in the 3rd quarter. Bessemer Group Inc. now owns 482,163 shares of the scientific and technical instruments company’s stock worth $75,874,000 after buying an additional 479,392 shares in the last quarter. Finally, Findlay Park Partners LLP grew its stake in Keysight Technologies by 101.1% in the 1st quarter. Findlay Park Partners LLP now owns 894,865 shares of the scientific and technical instruments company’s stock worth $141,362,000 after buying an additional 449,957 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Keysight Technologies Stock Up 0.0 %

Keysight Technologies stock opened at $169.83 on Wednesday. Keysight Technologies has a fifty-two week low of $127.93 and a fifty-two week high of $209.08. The stock has a market cap of $30.36 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. The firm’s 50-day simple moving average is $172.50 and its 200 day simple moving average is $161.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.40 and a current ratio of 3.01.

Keysight Technologies (NYSE:KEYS – Get Rating) last released its quarterly earnings results on Thursday, November 17th. The scientific and technical instruments company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.15. Keysight Technologies had a net margin of 20.74% and a return on equity of 32.51%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $1.71 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts predict that Keysight Technologies will post 7.6 EPS for the current fiscal year.

About Keysight Technologies

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Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronics, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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