Keysight Technologies (NYSE:KEYS) Price Target Raised to $177.00

Keysight Technologies (NYSE:KEYS - Get Free Report) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $172.00 to $177.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.54% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Morgan Stanley raised their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. StockNews.com lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $181.89.

Keysight Technologies Stock Up 4.0%

Shares of KEYS stock traded up $6.52 on Wednesday, hitting $169.32. 670,722 shares of the stock were exchanged, compared to its average volume of 1,032,784. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $29.26 billion, a P/E ratio of 48.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Keysight Technologies has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The business has a 50-day moving average of $147.01 and a 200 day moving average of $159.63.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The business'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 year.

Insider Buying and Selling at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Keysight Technologies

A number of large investors have recently modified their holdings of KEYS. EverSource Wealth Advisors LLC grew its holdings in shares of Keysight Technologies by 3.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after purchasing an additional 61 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Keysight Technologies by 2.2% during the fourth quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company's stock worth $502,000 after buying an additional 66 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock valued at $387,000 after acquiring an additional 66 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company's stock valued at $340,000 after acquiring an additional 68 shares in the last quarter. Finally, Summit Financial LLC increased its holdings in Keysight Technologies by 2.2% in the 1st quarter. Summit Financial LLC now owns 3,468 shares of the scientific and technical instruments company's stock worth $519,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds 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.

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