Susquehanna Trims Keysight Technologies (NYSE:KEYS) Target Price to $185.00

Keysight Technologies (NYSE:KEYS) had its price target trimmed by Susquehanna from $195.00 to $185.00 in a report published on Wednesday, Benzinga reports. The firm currently has a positive rating on the scientific and technical instruments company’s stock.

Other analysts have also issued reports about the stock. Barclays raised their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an equal weight rating in a research note on Tuesday, May 21st. Vertical Research assumed coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a buy rating and a $175.00 target price on the stock. Robert W. Baird decreased their target price on Keysight Technologies from $167.00 to $160.00 and set an outperform rating on the stock in a report on Monday, August 19th. Wells Fargo & Company reaffirmed an overweight rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday. Finally, Bank of America cut their target price on Keysight Technologies from $150.00 to $135.00 and set an underperform rating for the company in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $166.30.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $154.96 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. Keysight Technologies has a 52 week low of $118.57 and a 52 week high of $162.51. The company has a market cap of $27.05 billion, a PE ratio of 33.76, a P/E/G ratio of 4.58 and a beta of 0.95. The business has a 50 day moving average of $136.43 and a 200 day moving average of $145.50.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s quarterly revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Keysight Technologies will post 5.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kevin A. Stephens bought 460 shares of Keysight Technologies stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $143.35 per share, with a total value of $65,941.00. Following the completion of the acquisition, the director now directly owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kevin A. Stephens purchased 460 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $143.35 per share, with a total value of $65,941.00. Following the purchase, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lisa M. Poole sold 440 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Keysight Technologies

A number of large investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Keysight Technologies in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in Keysight Technologies during the 2nd quarter worth $27,000. Family Firm Inc. acquired a new position in Keysight Technologies in the 2nd quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in shares of Keysight Technologies during the first quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

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.