Barclays set a $53.00 target price on Keysight Technologies (NYSE:KEYS) in a research note issued to investors on Sunday, March 4th. The firm currently has a buy rating on the scientific and technical instruments company’s stock.
A number of other brokerages have also recently commented on KEYS. Robert W. Baird reaffirmed an outperform rating and issued a $52.00 target price (up from $50.00) on shares of Keysight Technologies in a report on Friday, March 2nd. Deutsche Bank increased their price target on shares of Keysight Technologies to $55.00 and gave the stock a buy rating in a report on Monday, January 29th. Credit Suisse Group reiterated an outperform rating and issued a $54.00 price target (up from $49.50) on shares of Keysight Technologies in a research report on Friday, March 2nd. Stifel Nicolaus restated a hold rating on shares of Keysight Technologies in a research report on Friday, March 2nd. Finally, ValuEngine upgraded shares of Keysight Technologies from a hold rating to a buy rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Keysight Technologies currently has an average rating of Buy and an average price target of $55.50.
Keysight Technologies stock opened at $53.16 on Friday. Keysight Technologies has a 12 month low of $35.05 and a 12 month high of $55.21. The company has a market cap of $10,011.10, a price-to-earnings ratio of 113.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.57.
Keysight Technologies declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 6th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other news, insider Ronald S. Nersesian sold 162,366 shares of Keysight Technologies stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.04, for a total value of $7,312,964.64. Following the completion of the transaction, the insider now directly owns 517,674 shares of the company’s stock, valued at approximately $23,316,036.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Adam Wallace sold 34,803 shares of Keysight Technologies stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the completion of the transaction, the senior vice president now directly owns 171,187 shares of the company’s stock, valued at $9,012,995.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,387 shares of company stock valued at $10,365,638. 0.97% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of KEYS. Invictus RG bought a new stake in Keysight Technologies in the 3rd quarter valued at about $111,000. SeaCrest Wealth Management LLC bought a new stake in shares of Keysight Technologies during the 4th quarter worth about $121,000. Cerebellum GP LLC bought a new stake in shares of Keysight Technologies during the 4th quarter worth about $125,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Keysight Technologies during the 4th quarter worth about $168,000. Finally, Financial Counselors Inc. bought a new stake in shares of Keysight Technologies during the 3rd quarter worth about $210,000. 88.65% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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