Keysight Technologies (NYSE:KEYS) Price Target Lowered to $135.00 at Bank of America

Keysight Technologies (NYSE:KEYS) had its price target decreased by Bank of America from $150.00 to $135.00 in a report published on Tuesday, Benzinga reports. Bank of America currently has an underperform rating on the scientific and technical instruments company’s stock.

Other equities research analysts also recently issued reports about the company. Barclays lifted their price objective on Keysight Technologies from $141.00 to $151.00 and gave the stock an equal weight rating in a report on Tuesday, May 21st. Robert W. Baird lifted their price objective on Keysight Technologies from $155.00 to $167.00 and gave the stock an outperform rating in a report on Tuesday, May 21st. Susquehanna reduced their price objective on Keysight Technologies from $208.00 to $195.00 and set a positive rating for the company in a report on Tuesday, May 21st. Finally, Vertical Research initiated coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a buy rating and a $175.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $166.50.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $127.86 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $22.32 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.58 and a beta of 0.95. The business has a fifty day simple moving average of $135.51 and a two-hundred day simple moving average of $146.10. Keysight Technologies has a 12 month low of $118.57 and a 12 month high of $162.51.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, equities analysts forecast that Keysight Technologies will post 5.25 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin A. Stephens bought 460 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $143.35 per share, for a total transaction of $65,941.00. Following the transaction, the director now owns 7,681 shares in the company, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

Several hedge funds have recently bought and sold shares of KEYS. International Assets Investment Management LLC lifted its holdings in shares of Keysight Technologies by 339.9% in the 4th quarter. International Assets Investment Management LLC now owns 67,613 shares of the scientific and technical instruments company’s stock worth $10,757,000 after buying an additional 52,244 shares during the period. Cerity Partners LLC lifted its holdings in shares of Keysight Technologies by 167.9% in the 4th quarter. Cerity Partners LLC now owns 4,855 shares of the scientific and technical instruments company’s stock worth $772,000 after buying an additional 3,043 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Keysight Technologies in the 4th quarter worth $1,702,000. Invesco LLC purchased a new stake in shares of Keysight Technologies during the 4th quarter worth $212,000. Finally, Everence Capital Management Inc. lifted its stake in shares of Keysight Technologies by 161.6% during the 4th quarter. Everence Capital Management Inc. now owns 20,071 shares of the scientific and technical instruments company’s stock worth $3,193,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

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.