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

StockNews.com upgraded shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

A number of other brokerages have also issued reports on KEYS. Bank of America upped their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Susquehanna reissued a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Barclays lifted their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.44.

Keysight Technologies Trading Down 2.3 %

Shares of KEYS opened at $155.85 on Monday. The stock has a fifty day moving average price of $169.84 and a two-hundred day moving average price of $161.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 2.41 and a beta of 1.02. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20.

Insiders Place Their Bets

In other news, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the sale, the senior vice president now owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $28,000. Erste Asset Management GmbH bought a new position in shares of Keysight Technologies in the third quarter valued at about $29,000. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth about $35,000. Groupama Asset Managment raised its holdings in Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 9,437 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 133 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Company Profile

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.