Keysight Technologies (NYSE:KEYS) Price Target Raised to $175.00 at Deutsche Bank Aktiengesellschaft

Keysight Technologies (NYSE:KEYS) had its price target raised by research analysts at Deutsche Bank Aktiengesellschaft from $163.00 to $175.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 13.24% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Vertical Research initiated coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Susquehanna decreased their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Robert W. Baird dropped their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Finally, Barclays raised their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $167.09.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded down $0.47 during midday trading on Monday, hitting $154.54. The company’s stock had a trading volume of 386,015 shares, compared to its average volume of 1,249,071. The firm has a market cap of $26.97 billion, a P/E ratio of 33.73, a P/E/G ratio of 4.58 and a beta of 0.95. Keysight Technologies has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99. The firm’s fifty day moving average price is $136.43 and its 200-day moving average price is $145.34.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $2.04 earnings per share. On average, sell-side analysts forecast that Keysight Technologies will post 5.25 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, VP Lisa M. Poole sold 440 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now directly owns 3,913 shares of the company’s stock, valued at $533,928.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kevin A. Stephens purchased 460 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now directly owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth $25,000. Meeder Asset Management Inc. bought a new position in Keysight Technologies in the second quarter valued at $27,000. Family Firm Inc. purchased a new stake in Keysight Technologies during the second quarter valued at about $30,000. Larson Financial Group LLC bought a new stake in Keysight Technologies during the first quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 184 shares during the last quarter. 84.58% of the stock is 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.