Keysight Technologies Inc. (NYSE:KEYS) Lifted to “B-” at TheStreet

Keysight Technologies Inc. (NYSE:KEYS) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Tuesday, October 17th.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Keysight Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC assumed coverage on Keysight Technologies in a report on Monday, August 7th. They set an “overweight” rating and a $50.00 price target for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $47.33.

Keysight Technologies (NYSE:KEYS) traded up $0.20 during trading on Tuesday, reaching $44.98. The company’s stock had a trading volume of 212,799 shares, compared to its average volume of 555,190. The company has a market capitalization of $8,300.78, a PE ratio of 20.35, a PEG ratio of 2.29 and a beta of 1.17. Keysight Technologies has a 1 year low of $31.82 and a 1 year high of $44.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.04 and a current ratio of 2.75.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The firm had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. research analysts forecast that Keysight Technologies will post 2.2 earnings per share for the current year.

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In other news, insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Skinner sold 15,058 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in KEYS. UBS Asset Management Americas Inc. raised its holdings in shares of Keysight Technologies by 16.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 134,027 shares of the scientific and technical instruments company’s stock valued at $4,844,000 after acquiring an additional 19,235 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Keysight Technologies by 9.5% in the 1st quarter. Prudential Financial Inc. now owns 150,865 shares of the scientific and technical instruments company’s stock valued at $5,452,000 after acquiring an additional 13,085 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Keysight Technologies by 9.6% in the 1st quarter. United Services Automobile Association now owns 16,848 shares of the scientific and technical instruments company’s stock valued at $609,000 after acquiring an additional 1,478 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Keysight Technologies by 11.8% in the 1st quarter. OppenheimerFunds Inc. now owns 18,591 shares of the scientific and technical instruments company’s stock valued at $672,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Keysight Technologies by 76.8% in the 1st quarter. Teachers Advisors LLC now owns 361,051 shares of the scientific and technical instruments company’s stock valued at $13,048,000 after acquiring an additional 156,847 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

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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