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 research note issued to investors on Thursday.

Other research analysts have also issued reports about the company. Robert W. Baird boosted their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Bank of America increased their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays upped their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Susquehanna restated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Trading Down 2.2 %

Keysight Technologies stock opened at $161.30 on Thursday. The stock has a 50-day simple moving average of $164.31 and a 200 day simple moving average of $152.18. The stock has a market capitalization of $27.93 billion, a P/E ratio of 46.09, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $175.39.

Insider Activity

In other news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the 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 owns 116,582 shares in the company, valued at $19,779,302.12. This represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,063 shares of company stock worth $5,573,941. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Keysight Technologies

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in Keysight Technologies by 2.5% in the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock valued at $1,248,773,000 after purchasing an additional 194,294 shares during the last quarter. Swedbank AB increased its holdings in shares of Keysight Technologies by 7.1% during the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after buying an additional 292,372 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock valued at $697,411,000 after acquiring an additional 323,235 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Keysight Technologies by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock valued at $153,470,000 after acquiring an additional 141,062 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Keysight Technologies by 1.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock worth $171,830,000 after acquiring an additional 10,579 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

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.