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 rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $184.44.

KEYS has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lifted 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.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $129.72 on Tuesday. The stock has a market capitalization of $22.42 billion, a P/E ratio of 37.06, a P/E/G ratio of 2.41 and a beta of 1.12. Keysight Technologies has a 12-month low of $119.72 and a 12-month 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 firm’s 50-day moving average is $162.46 and its two-hundred day moving average is $162.05.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the transaction, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KEYS. Sequoia Financial Advisors LLC raised 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 valued at $4,448,000 after buying an additional 2,260 shares during the period. PNC Financial Services Group Inc. grew its position in Keysight Technologies by 3.3% in 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 acquiring an additional 1,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 valued at $3,018,000 after purchasing an additional 3,857 shares during the period. Portfolio Design Labs LLC lifted its position in shares of Keysight Technologies by 17.7% during the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,336 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock valued at $697,411,000 after purchasing an additional 323,235 shares during the period. 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.