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

StockNews.com cut shares of Keysight Technologies (NYSE:KEYS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $170.00 to $200.00 in a report on Monday, December 16th. Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $154.65 on Friday. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 2.41 and a beta of 1.10. The company’s 50 day moving average is $166.92 and its 200 day moving average is $162.05. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20.

Insider Buying and Selling at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Keysight Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock worth $8,896,000 after buying an additional 1,755 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock valued at $3,018,000 after purchasing an additional 3,857 shares during the period. Sequoia Financial Advisors LLC lifted its position in Keysight Technologies by 8.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock valued at $4,448,000 after purchasing an additional 2,260 shares during the period. Portfolio Design Labs LLC lifted its position in Keysight Technologies by 17.7% during the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after purchasing an additional 2,336 shares during the period. Finally, Geode Capital Management LLC lifted its position in Keysight Technologies by 7.9% during the third 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 purchasing an additional 323,235 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

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.