Keysight Technologies (NYSE:KEYS) Downgraded by StockNews.com to “Buy”

Keysight Technologies (NYSE:KEYS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Price Performance

NYSE KEYS opened at $149.94 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market cap of $25.93 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.41 and a beta of 1.10. The business has a 50 day simple moving average of $168.63 and a 200 day simple moving average of $162.12. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20.

Insider Activity at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH boosted its stake in shares of Keysight Technologies by 1,984.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 78,144 shares of the scientific and technical instruments company’s stock worth $12,664,000 after acquiring an additional 74,395 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Keysight Technologies during the 4th quarter valued at $31,745,000. Brooklyn FI LLC bought a new position in Keysight Technologies during the fourth quarter worth $3,322,000. Cypress Asset Management Inc. TX acquired a new position in shares of Keysight Technologies in the fourth quarter valued at $252,000. Finally, Ascent Group LLC raised its position in shares of Keysight Technologies by 5.2% in the fourth quarter. Ascent Group LLC now owns 9,868 shares of the scientific and technical instruments company’s stock valued at $1,585,000 after purchasing an additional 487 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.