Stifel Nicolaus restated their hold rating on shares of Keysight Technologies Inc. (NYSE:KEYS) in a research note issued to investors on Friday, September 1st. They currently have a $40.00 price objective on the scientific and technical instruments company’s stock.
A number of other equities research analysts also recently weighed in on the company. TheStreet downgraded Keysight Technologies from a b- rating to a c rating in a research note on Thursday, May 18th. Citigroup Inc. initiated coverage on Keysight Technologies in a research note on Tuesday, May 30th. They set a buy rating and a $44.00 price target for the company. Credit Suisse Group initiated coverage on Keysight Technologies in a research note on Monday, May 15th. They set an outperform rating and a $44.00 price target for the company. ValuEngine raised Keysight Technologies from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation set a $53.00 price target on Keysight Technologies and gave the stock a buy rating in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $46.60.
Shares of Keysight Technologies (NYSE KEYS) opened at 41.37 on Friday. The stock’s 50 day moving average price is $40.89 and its 200-day moving average price is $38.96. Keysight Technologies has a one year low of $29.84 and a one year high of $43.15. The stock has a market cap of $7.70 billion, a PE ratio of 31.56 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Keysight Technologies will post $2.47 earnings per share for the current fiscal year.
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In other Keysight Technologies news, SVP Soon Chai Gooi sold 65,986 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total value of $2,553,658.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ronald S. Nersesian sold 330,451 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $38.29, for a total value of $12,652,968.79. The disclosure for this sale can be found here. Insiders sold a total of 425,835 shares of company stock worth $16,381,392 over the last three months. 1.23% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Keysight Technologies by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,255,095 shares of the scientific and technical instruments company’s stock valued at $593,881,000 after buying an additional 348,208 shares during the last quarter. BlackRock Inc. grew its holdings in Keysight Technologies by 4.5% in the 2nd quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock valued at $591,492,000 after buying an additional 650,968 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Keysight Technologies by 1.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,398,950 shares of the scientific and technical instruments company’s stock valued at $288,041,000 after buying an additional 78,628 shares during the last quarter. Wellington Management Group LLP grew its holdings in Keysight Technologies by 93.4% in the 1st quarter. Wellington Management Group LLP now owns 5,076,285 shares of the scientific and technical instruments company’s stock valued at $183,456,000 after buying an additional 2,452,119 shares during the last quarter. Finally, State Street Corp grew its holdings in Keysight Technologies by 5.4% in the 2nd quarter. State Street Corp now owns 5,051,783 shares of the scientific and technical instruments company’s stock valued at $196,669,000 after buying an additional 258,368 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other 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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