Keysight Technologies (NYSE:KEYS) Sets New 52-Week High – Still a Buy?

Keysight Technologies, Inc. (NYSE:KEYS)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $177.55 and last traded at $177.71, with a volume of 201878 shares changing hands. The stock had previously closed at $170.52.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KEYS shares. Morgan Stanley lifted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Barclays lifted their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Trading Up 5.1 %

The business’s 50-day simple moving average is $166.85 and its two-hundred day simple moving average is $155.10. The firm has a market capitalization of $30.98 billion, a price-to-earnings ratio of 51.14, a PEG ratio of 2.13 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Insider Activity at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares in the company, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the transaction, the senior vice president now owns 30,637 shares in the company, valued at $5,267,113.04. This trade represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,063 shares of company stock worth $5,573,941. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new position in Keysight Technologies in the 3rd quarter valued at approximately $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies in the 3rd quarter worth about $29,000. American National Bank & Trust acquired a new stake in Keysight Technologies in the 3rd quarter valued at about $31,000. Goodman Advisory Group LLC acquired a new position in Keysight Technologies during the third quarter worth about $35,000. Finally, Groupama Asset Managment grew its position in shares of Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 9,437 shares during the last quarter. Hedge funds and other institutional investors 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.