Keysight Technologies (NYSE:KEYS) Cut to Hold at StockNews.com

StockNews.com cut shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities analysts have also recently commented on KEYS. Morgan Stanley lifted their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays boosted their target price on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $170.00 to $200.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $183.40 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The business’s 50 day simple moving average is $168.38 and its two-hundred day simple moving average is $158.22. The stock has a market capitalization of $31.71 billion, a P/E ratio of 52.40, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. Keysight Technologies has a one year low of $119.72 and a one year high of $184.35.

Insider Activity at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now directly owns 116,582 shares in the company, valued at $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lisa M. Poole sold 350 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the completion of the sale, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,063 shares of company stock worth $5,573,941 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Keysight Technologies

Several hedge funds have recently added to or reduced their stakes in KEYS. Kovitz Investment Group Partners LLC boosted its holdings in Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock worth $747,301,000 after acquiring an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Keysight Technologies by 29.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company’s stock worth $2,588,546,000 after acquiring an additional 3,621,349 shares in the last quarter. Norges Bank bought a new stake in Keysight Technologies in the fourth quarter worth $320,707,000. Boston Partners boosted its holdings in Keysight Technologies by 21.7% in the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company’s stock worth $637,125,000 after acquiring an additional 704,920 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Keysight Technologies in the fourth quarter worth $88,166,000. 84.58% of the stock is owned by institutional investors.

About Keysight Technologies

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.