StockNews.com Upgrades Keysight Technologies (NYSE:KEYS) to Buy

Keysight Technologies (NYSE:KEYS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Susquehanna restated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $180.80.

Keysight Technologies Trading Up 0.2 %

NYSE:KEYS traded up $0.29 during trading hours on Thursday, hitting $173.01. 651,934 shares of the stock were exchanged, compared to its average volume of 727,481. The company has a market capitalization of $29.96 billion, a P/E ratio of 49.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $165.27 and its two-hundred day moving average is $153.89. Keysight Technologies has a twelve month low of $119.72 and a twelve month high of $175.39.

Insider Activity

In other news, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now owns 4,820 shares in the company, valued at $828,027.80. The trade was a 6.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the sale, the senior vice president now directly owns 30,637 shares of the company’s stock, valued at approximately $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock valued at $5,573,941 in the last quarter. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new position in shares of Keysight Technologies during the third quarter worth about $29,000. American National Bank & Trust acquired a new stake in Keysight Technologies in the 3rd quarter valued at approximately $31,000. Goodman Advisory Group LLC bought a new stake in Keysight Technologies in the 3rd quarter valued at approximately $35,000. Finally, Versant Capital Management Inc boosted its position in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 158 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

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.