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

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

Several other research analysts have also issued reports on KEYS. Bank of America increased their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Susquehanna reaffirmed a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. Barclays raised their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $184.44.

Keysight Technologies Stock Down 1.8 %

Shares of NYSE:KEYS opened at $153.06 on Tuesday. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20. The firm has a market capitalization of $26.46 billion, a P/E ratio of 43.73, a P/E/G ratio of 2.41 and a beta of 1.10. The stock has a 50 day moving average price of $169.00 and a 200-day moving average price of $162.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value 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. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH lifted its position in Keysight Technologies by 1,984.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 78,144 shares of the scientific and technical instruments company’s stock valued at $12,664,000 after purchasing an additional 74,395 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Keysight Technologies in the fourth quarter valued at about $31,745,000. Brooklyn FI LLC purchased a new position in shares of Keysight Technologies in the fourth quarter valued at about $3,322,000. Cypress Asset Management Inc. TX purchased a new position in shares of Keysight Technologies in the fourth quarter valued at about $252,000. Finally, Ascent Group LLC lifted 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 acquiring an additional 487 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

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.