Keysight Technologies (NYSE:KEYS) Upgraded by Bank of America to Neutral Rating

Keysight Technologies (NYSE:KEYS - Get Free Report) was upgraded by Bank of America from an "underperform" rating to a "neutral" rating in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a $175.00 target price on the scientific and technical instruments company's stock, up from their prior target price of $170.00. Bank of America's price objective would suggest a potential upside of 7.75% from the stock's previous close.

KEYS has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley increased their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Keysight Technologies has an average rating of "Moderate Buy" and an average target price of $186.11.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $162.42 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. Keysight Technologies has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The stock's 50-day moving average is $162.01 and its two-hundred day moving average is $158.82. The firm has a market cap of $27.95 billion, a P/E ratio of 38.13, a PEG ratio of 2.21 and a beta of 1.09.

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

Insider Activity

In other Keysight Technologies news, SVP John Page sold 7,368 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the completion of the sale, the senior vice president owned 36,986 shares in the company, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer owned 115,228 shares of the company's stock, valued at $18,966,528.80. This represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock worth $5,124,049 over the last 90 days. Company insiders own 0.61% of the company's stock.

Institutional Trading of Keysight Technologies

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Keysight Technologies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company's stock worth $3,140,604,000 after acquiring an additional 95,876 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Keysight Technologies by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock worth $2,814,195,000 after buying an additional 2,675,148 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after buying an additional 3,650,953 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Keysight Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after buying an additional 17,213 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Keysight Technologies by 7.7% in the 1st quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company's stock worth $636,854,000 after buying an additional 305,143 shares in the last quarter. 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.

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