BidaskClub Upgrades Keysight Technologies Inc. (KEYS) to Hold

BidaskClub upgraded shares of Keysight Technologies Inc. (NYSE:KEYS) from a sell rating to a hold rating in a research note published on Monday.

KEYS has been the subject of several other research reports. ValuEngine upgraded shares of Keysight Technologies from a hold rating to a buy rating in a research note on Friday, June 2nd. Citigroup Inc. raised their price target on shares of Keysight Technologies from $44.00 to $49.00 and gave the stock a buy rating in a research note on Wednesday, June 7th. Robert W. Baird restated a buy rating and set a $47.00 price target on shares of Keysight Technologies in a research note on Friday, August 25th. Credit Suisse Group raised their price target on shares of Keysight Technologies from $45.50 to $49.00 and gave the stock an outperform rating in a research note on Thursday, August 31st. Finally, Bank of America Corporation restated a buy rating and set a $47.00 price target on shares of Keysight Technologies in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Keysight Technologies currently has an average rating of Buy and a consensus target price of $46.60.

Shares of Keysight Technologies (NYSE KEYS) opened at 40.59 on Monday. The firm’s 50-day moving average price is $40.88 and its 200 day moving average price is $39.03. Keysight Technologies has a 52 week low of $30.65 and a 52 week high of $43.15. The firm has a market cap of $7.55 billion, a PE ratio of 30.96 and a beta of 1.15.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Keysight Technologies will post $2.47 EPS for the current year.

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In other news, SVP Soon Chai Gooi sold 65,986 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $38.70, for a total value of $2,553,658.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of Keysight Technologies stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $41.66, for a total transaction of $111,523.82. Following the completion of the transaction, the senior vice president now owns 65,926 shares of the company’s stock, valued at approximately $2,746,477.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,721 shares of company stock valued at $3,279,398. Corporate insiders own 1.23% of the company’s stock.

Several large investors have recently bought and sold shares of KEYS. US Bancorp DE raised its stake in shares of Keysight Technologies by 5.1% in the first quarter. US Bancorp DE now owns 34,995 shares of the scientific and technical instruments company’s stock valued at $1,265,000 after acquiring an additional 1,691 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Keysight Technologies by 6.8% in the first quarter. Suntrust Banks Inc. now owns 7,242 shares of the scientific and technical instruments company’s stock valued at $260,000 after acquiring an additional 459 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Keysight Technologies by 23.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,871 shares of the scientific and technical instruments company’s stock valued at $248,000 after acquiring an additional 1,290 shares during the last quarter. Swiss National Bank raised its stake in shares of Keysight Technologies by 10.4% in the first quarter. Swiss National Bank now owns 308,836 shares of the scientific and technical instruments company’s stock valued at $11,161,000 after acquiring an additional 29,000 shares during the last quarter. Finally, World Asset Management Inc raised its stake in shares of Keysight Technologies by 4.7% in the first quarter. World Asset Management Inc now owns 11,857 shares of the scientific and technical instruments company’s stock valued at $429,000 after acquiring an additional 530 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

About Keysight Technologies

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.

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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