Keysight Technologies Inc. (NYSE:KEYS) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Tuesday, October 17th.
KEYS has been the subject of several other research reports. BidaskClub upgraded Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Robert W. Baird restated a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Credit Suisse Group increased their price objective on Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Keysight Technologies in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Keysight Technologies has an average rating of “Buy” and a consensus target price of $47.33.
Keysight Technologies (KEYS) opened at 44.29 on Tuesday. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 33.78 and a beta of 1.15. The stock’s 50 day moving average is $41.56 and its 200 day moving average is $39.87. Keysight Technologies has a 12-month low of $31.81 and a 12-month high of $44.29.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data 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 return on equity of 20.85% and a net margin of 7.58%. The business had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Keysight Technologies will post $2.47 EPS for the current fiscal year.
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In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $40.79, for a total value of $614,215.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new stake in Keysight Technologies in the second quarter valued at $100,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 2,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Keysight Technologies in the second quarter valued at $207,000. Creative Planning grew its holdings in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 63 shares during the last quarter. Finally, Starfire Investment Advisers Inc. acquired a new stake in Keysight Technologies in the second quarter valued at $214,000. 88.15% of the stock is currently owned by institutional investors.
Keysight Technologies Company Profile
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.
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