Keysight Technologies (NYSE:KEYS) Reaches New 1-Year High – Time to Buy?

Keysight Technologies, Inc. (NYSE:KEYS) shares hit a new 52-week high on Friday . The stock traded as high as $180.82 and last traded at $180.01, with a volume of 25916 shares. The stock had previously closed at $179.30.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KEYS shares. Robert W. Baird raised their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Bank of America raised their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. Susquehanna reissued a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.80.

Keysight Technologies Stock Performance

The stock’s 50-day simple moving average is $167.95 and its 200 day simple moving average is $157.46. The stock has a market capitalization of $31.44 billion, a P/E ratio of 52.04, a PEG ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insider Activity

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa M. Poole sold 350 shares of the company’s 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 sale, the vice president now directly owns 4,820 shares of the company’s stock, valued at $828,027.80. This represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock valued at $5,573,941. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Keysight Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of Keysight Technologies by 8.7% in the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company’s stock valued at $28,125,000 after buying an additional 14,185 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Keysight Technologies by 72.6% in the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock valued at $2,685,000 after buying an additional 7,106 shares during the period. Speece Thorson Capital Group Inc. increased its stake in shares of Keysight Technologies by 28.7% in the third quarter. Speece Thorson Capital Group Inc. now owns 80,629 shares of the scientific and technical instruments company’s stock valued at $12,814,000 after buying an additional 17,962 shares during the period. LMR Partners LLP acquired a new position in shares of Keysight Technologies in the third quarter valued at approximately $14,339,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Keysight Technologies by 318.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 49,299 shares of the scientific and technical instruments company’s stock valued at $7,835,000 after buying an additional 37,528 shares during the period. Institutional investors own 84.58% of the company’s stock.

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.