StockNews.com Upgrades Keysight Technologies (NYSE:KEYS) to Buy

StockNews.com upgraded shares of Keysight Technologies (NYSE:KEYS) from a hold rating to a buy rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird upped their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Morgan Stanley increased their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays increased their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and an average price target of $182.22.

Keysight Technologies Stock Performance

NYSE KEYS opened at $175.33 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a market capitalization of $30.32 billion, a PE ratio of 50.10, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a fifty day moving average of $169.77 and a two-hundred day moving average of $159.97.

Insider Buying and Selling

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the transaction, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lisa M. Poole sold 350 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now directly owns 4,820 shares of the company’s stock, valued at $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock valued at $5,573,941 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KEYS. Creative Planning increased its holdings in Keysight Technologies by 11.4% in the third quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company’s stock valued at $3,318,000 after buying an additional 2,138 shares in the last quarter. Swedbank AB increased its holdings in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after buying an additional 292,372 shares in the last quarter. Signaturefd LLC increased its holdings in Keysight Technologies by 7.2% in the third quarter. Signaturefd LLC now owns 2,344 shares of the scientific and technical instruments company’s stock valued at $373,000 after buying an additional 158 shares in the last quarter. Eastern Bank purchased a new position in Keysight Technologies in the third quarter valued at about $95,000. Finally, International Assets Investment Management LLC increased its holdings in Keysight Technologies by 16,555.2% in the third quarter. International Assets Investment Management LLC now owns 69,452 shares of the scientific and technical instruments company’s stock valued at $11,038,000 after buying an additional 69,035 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

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.