Barclays Raises Keysight Technologies (NYSE:KEYS) Price Target to $151.00

Keysight Technologies (NYSE:KEYS) had its price objective increased by Barclays from $141.00 to $151.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company’s stock.

Several other analysts have also recently issued reports on KEYS. Robert W. Baird upped their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an outperform rating in a research report on Tuesday. Citigroup upped their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a buy rating in a research report on Wednesday, February 21st. Susquehanna decreased their target price on shares of Keysight Technologies from $208.00 to $195.00 and set a positive rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an overweight rating to a neutral rating and decreased their target price for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $166.33.

Keysight Technologies Stock Down 2.5 %

Shares of KEYS stock opened at $143.84 on Tuesday. The stock has a market cap of $25.11 billion, a P/E ratio of 31.34, a PEG ratio of 6.63 and a beta of 1.06. Keysight Technologies has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $151.82 and its two-hundred day simple moving average is $150.04.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. Analysts predict that Keysight Technologies will post 5.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB bought a new position in shares of Keysight Technologies during the first quarter valued at approximately $621,993,000. Plato Investment Management Ltd boosted its stake in shares of Keysight Technologies by 1,351.4% during the first quarter. Plato Investment Management Ltd now owns 2,119 shares of the scientific and technical instruments company’s stock valued at $331,000 after purchasing an additional 1,973 shares in the last quarter. Comerica Bank boosted its stake in shares of Keysight Technologies by 9.4% during the first quarter. Comerica Bank now owns 44,556 shares of the scientific and technical instruments company’s stock valued at $6,968,000 after purchasing an additional 3,824 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Keysight Technologies by 2.0% during the first quarter. Hancock Whitney Corp now owns 9,238 shares of the scientific and technical instruments company’s stock valued at $1,445,000 after purchasing an additional 179 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Keysight Technologies by 16.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,018 shares of the scientific and technical instruments company’s stock valued at $472,000 after purchasing an additional 423 shares in the last quarter. 84.58% of the stock is currently owned by 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.