Keysight Technologies (NYSE:KEYS) Given New $177.00 Price Target at JPMorgan Chase & Co.

Keysight Technologies (NYSE:KEYS) had its price objective raised by JPMorgan Chase & Co. from $172.00 to $177.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently commented on KEYS. Morgan Stanley upped their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Robert W. Baird lifted their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Keysight Technologies Stock Down 0.2%

Shares of Keysight Technologies stock opened at $162.50 on Wednesday. The stock’s fifty day moving average is $147.22 and its 200-day moving average is $159.65. The firm has a market capitalization of $28.08 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. 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 12-month low of $119.72 and a 12-month high of $186.20.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $1.41 EPS. Keysight Technologies’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Keysight Technologies will post 6.32 earnings per share for the current year.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in KEYS. Vanguard Group Inc. increased its holdings in Keysight Technologies by 0.5% in the first quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company’s stock worth $3,140,604,000 after buying an additional 95,876 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Keysight Technologies by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock valued at $2,814,195,000 after purchasing an additional 2,675,148 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Keysight Technologies by 364.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock valued at $747,301,000 after buying an additional 3,650,953 shares in the last quarter. Geode Capital Management LLC raised its holdings in Keysight Technologies by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after buying an additional 17,213 shares in the last quarter. Finally, Boston Partners raised its holdings in Keysight Technologies by 7.7% during the first quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company’s stock valued at $636,854,000 after buying an additional 305,143 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other 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.