Keysight Technologies (NYSE:KEYS) PT Lowered to $170.00

Keysight Technologies (NYSE:KEYSGet Rating) had its price objective decreased by stock analysts at Morgan Stanley from $172.00 to $170.00 in a report issued on Monday, November 14th, Marketbeat reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Morgan Stanley’s price objective points to a potential downside of 1.84% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price target on Keysight Technologies from $155.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Wells Fargo & Company initiated coverage on Keysight Technologies in a report on Thursday, November 3rd. They set an “overweight” rating and a $200.00 target price for the company. Robert W. Baird increased their target price on Keysight Technologies from $169.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. The Goldman Sachs Group increased their target price on Keysight Technologies from $165.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, StockNews.com initiated coverage on Keysight Technologies in a report on Wednesday, October 12th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.64.

Keysight Technologies Stock Up 0.7 %

NYSE:KEYS traded up $1.28 during mid-day trading on Monday, hitting $173.18. 4,665 shares of the company’s stock traded hands, compared to its average volume of 1,017,554. The company has a fifty day moving average of $165.10 and a 200 day moving average of $155.37. Keysight Technologies has a twelve month low of $127.93 and a twelve month high of $209.08. The company has a market capitalization of $30.96 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.40 and a current ratio of 3.01.

Keysight Technologies (NYSE:KEYSGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The scientific and technical instruments company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. Keysight Technologies had a return on equity of 32.51% and a net margin of 20.74%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. On average, analysts forecast that Keysight Technologies will post 7.55 EPS for the current year.

Insider Activity at Keysight Technologies

In other news, SVP John Page sold 6,910 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $161.48, for a total transaction of $1,115,826.80. Following the sale, the senior vice president now owns 57,201 shares of the company’s stock, valued at approximately $9,236,817.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new stake in shares of Keysight Technologies during the 2nd quarter worth $26,000. Private Trust Co. NA increased its holdings in shares of Keysight Technologies by 134.2% during the 3rd quarter. Private Trust Co. NA now owns 185 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Keysight Technologies by 37.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 277 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 75 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in shares of Keysight Technologies by 968.2% during the 3rd quarter. CI Investments Inc. now owns 235 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 213 shares during the last quarter. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Company Profile

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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