Keysight Technologies (NYSE:KEYS) Given New $177.00 Price Target at JPMorgan Chase & Co.

Keysight Technologies (NYSE:KEYS) had its target price lifted by JPMorgan Chase & Co. from $172.00 to $177.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the scientific and technical instruments company’s stock.

KEYS has been the topic of several other reports. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Robert W. Baird raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley raised their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $160.19 on Wednesday. Keysight Technologies has a 1-year low of $119.72 and a 1-year high of $186.20. 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 $147.52 and its two-hundred day moving average price is $159.75. The firm has a market capitalization of $27.68 billion, a PE ratio of 45.77, a P/E/G ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $1.41 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that Keysight Technologies will post 6.32 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,829,920. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KEYS. Central Pacific Bank Trust Division increased its stake in Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Keysight Technologies during the 1st quarter worth about $28,000. Manchester Capital Management LLC raised its holdings in Keysight Technologies by 85.0% during the 1st quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 108 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Keysight Technologies during the 1st quarter worth about $36,000. Finally, Private Trust Co. NA raised its holdings in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 75 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.

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.