Keysight Technologies Inc. (KEYS) Stock Rating Upgraded by BidaskClub

Keysight Technologies Inc. (NYSE:KEYS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other research analysts also recently commented on KEYS. Citigroup Inc. started coverage on Keysight Technologies in a research note on Tuesday, May 30th. They issued a “buy” rating and a $44.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Keysight Technologies in a research note on Thursday, June 1st. Bank of America Corporation reissued a “buy” rating and set a $47.00 target price on shares of Keysight Technologies in a research note on Friday, June 2nd. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Keysight Technologies in a research note on Monday, June 5th. They set a “neutral” rating and a $38.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Keysight Technologies currently has an average rating of “Buy” and a consensus price target of $46.60.

Shares of Keysight Technologies (NYSE KEYS) opened at 41.33 on Monday. Keysight Technologies has a 12-month low of $30.65 and a 12-month high of $43.15. The stock has a 50 day moving average of $40.88 and a 200 day moving average of $39.03. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 31.53 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. The business had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. Keysight Technologies’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities analysts expect that Keysight Technologies will post $2.47 earnings per share for the current fiscal year.

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In related news, SVP Michael Gasparian sold 2,677 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $41.66, for a total value of $111,523.82. Following the sale, the senior vice president now directly owns 65,926 shares in the company, valued at $2,746,477.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Soon Chai Gooi sold 65,986 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $38.70, for a total value of $2,553,658.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 425,835 shares of company stock worth $16,381,392. Company insiders own 1.23% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Keysight Technologies by 2.3% in the second 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 acquiring an additional 348,208 shares during the last quarter. BlackRock Inc. boosted its holdings in Keysight Technologies by 4.5% in the second quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock valued at $591,492,000 after acquiring an additional 650,968 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Keysight Technologies by 1.1% in the second 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 acquiring an additional 78,628 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Keysight Technologies by 93.4% in the first 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 acquiring an additional 2,452,119 shares during the last quarter. Finally, State Street Corp boosted its holdings in Keysight Technologies by 5.4% in the second 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 acquiring an additional 258,368 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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