Keysight Technologies (NYSE:KEYS) Upgraded to Overweight at Barclays

Barclays upgraded shares of Keysight Technologies (NYSE:KEYS) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat reports. Barclays currently has $180.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $158.00.

KEYS has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Susquehanna lowered their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Wells Fargo & Company restated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Robert W. Baird cut their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $165.18 on Monday. The firm’s 50 day simple moving average is $154.07 and its 200-day simple moving average is $145.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies has a one year low of $119.72 and a one year high of $165.35. The firm has a market cap of $28.67 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. As a group, equities analysts predict that Keysight Technologies will post 5.43 EPS for the current year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Keysight Technologies

A number of institutional investors have recently bought and sold shares of KEYS. Norden Group LLC lifted its stake in shares of Keysight Technologies by 59.5% during the first quarter. Norden Group LLC now owns 2,601 shares of the scientific and technical instruments company’s stock worth $407,000 after buying an additional 970 shares during the period. Janney Montgomery Scott LLC lifted its position in Keysight Technologies by 6.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 87,231 shares of the scientific and technical instruments company’s stock worth $13,641,000 after acquiring an additional 5,268 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Keysight Technologies by 10.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,531 shares of the scientific and technical instruments company’s stock worth $709,000 after acquiring an additional 424 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Keysight Technologies in the first quarter valued at about $131,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Keysight Technologies by 8.1% in the first quarter. Daiwa Securities Group Inc. now owns 17,269 shares of the scientific and technical instruments company’s stock worth $2,701,000 after purchasing an additional 1,295 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Company Profile

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.