Keysight Technologies (NYSE:KEYS) had its price target hoisted by Deutsche Bank to $65.00 in a report issued on Friday. They currently have a buy rating on the scientific and technical instruments company’s stock.
Several other research firms have also recently commented on KEYS. Robert W. Baird restated an outperform rating and issued a $60.00 price target (up previously from $52.00) on shares of Keysight Technologies in a report on Thursday. Barclays set a $53.00 price target on Keysight Technologies and gave the company a buy rating in a report on Sunday, March 4th. Jefferies Group restated a buy rating and issued a $62.00 price target on shares of Keysight Technologies in a report on Wednesday, March 7th. They noted that the move was a valuation call. ValuEngine upgraded Keysight Technologies from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Credit Suisse Group lifted their price target on Keysight Technologies from $54.00 to $57.00 and gave the company an outperform rating in a report on Friday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Keysight Technologies currently has a consensus rating of Buy and a consensus target price of $55.50.
Shares of Keysight Technologies (NYSE:KEYS) opened at $54.07 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.57 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $10,130.00, a PE ratio of -50.06 and a beta of 1.19. Keysight Technologies has a fifty-two week low of $35.05 and a fifty-two week high of $54.11.
Keysight Technologies declared that its board has authorized a stock repurchase plan on Tuesday, March 6th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, SVP Stephen D. Williams sold 12,296 shares of Keysight Technologies stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $41.79, for a total value of $513,849.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John C. Skinner sold 9,843 shares of Keysight Technologies stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total value of $413,799.72. Following the completion of the transaction, the vice president now directly owns 29,198 shares in the company, valued at $1,227,483.92. The disclosure for this sale can be found here. Insiders sold a total of 219,308 shares of company stock worth $10,072,992 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEYS. Invictus RG acquired a new position in shares of Keysight Technologies in the 3rd quarter valued at about $111,000. SeaCrest Wealth Management LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $121,000. Cerebellum GP LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $125,000. Robeco Institutional Asset Management B.V. acquired a new position in Keysight Technologies during the 4th quarter worth approximately $168,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $207,000. 88.91% of the stock is currently owned by institutional investors and hedge funds.
About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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