Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Keysight Technologies (NYSE:KEYS - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $177.00 to $200.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 23.14% from the stock's previous close.

Several other analysts have also recently weighed in on KEYS. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Morgan Stanley increased their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Bank of America increased their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.56.

Keysight Technologies Stock Performance

Shares of KEYS traded down $0.64 during trading hours on Thursday, reaching $162.42. 703,764 shares of the company traded hands, compared to its average volume of 1,090,988. The stock has a market capitalization of $27.95 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $186.20. The business has a fifty day moving average price of $162.01 and a 200-day moving average price of $158.83.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Keysight Technologies will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the senior vice president directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock valued at $5,124,049 in the last quarter. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of Keysight Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its holdings in Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 90 shares in the last quarter. Accent Capital Management LLC purchased a new stake in shares of Keysight Technologies in the first quarter valued at about $28,000. Manchester Capital Management LLC lifted its holdings in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Keysight Technologies in the first quarter valued at about $36,000. Finally, Private Trust Co. NA lifted its holdings in shares of Keysight Technologies by 39.9% in the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares in 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.