Keysight Technologies, Inc. (NYSE:KEYS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Keysight Technologies, Inc. (NYSE:KEYS) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $183.00.

A number of research firms recently weighed in on KEYS. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Robert W. Baird lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Bank of America upped their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a report on Thursday. Wall Street Zen lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Morgan Stanley raised their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th.

Keysight Technologies Price Performance

NYSE:KEYS opened at $160.19 on Wednesday. The stock 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 has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a fifty day simple moving average of $147.52 and a 200 day simple moving average of $159.70. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

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

Insider Activity at Keysight Technologies

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock worth $4,448,000 after acquiring an additional 2,260 shares during the period. Geode Capital Management LLC raised its position in Keysight Technologies by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after purchasing an additional 17,213 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock valued at $8,896,000 after purchasing an additional 1,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Portfolio Design Labs LLC boosted its holdings in shares of Keysight Technologies by 17.7% in the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after purchasing an additional 2,336 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

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.