Jefferies Group reaffirmed their buy rating on shares of Keysight Technologies (NYSE:KEYS) in a research note issued to investors on Wednesday morning. Jefferies Group currently has a $62.00 price target on the scientific and technical instruments company’s stock. The analysts noted that the move was a valuation call.
KEYS has been the topic of several other reports. Deutsche Bank increased their target price on shares of Keysight Technologies to $55.00 and gave the stock a buy rating in a report on Monday, January 29th. Barclays set a $53.00 target price on shares of Keysight Technologies and gave the stock a buy rating in a report on Sunday, March 4th. Zacks Investment Research upgraded shares of Keysight Technologies from a hold rating to a buy rating and set a $47.00 target price on the stock in a report on Wednesday, December 13th. ValuEngine upgraded shares of Keysight Technologies from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Credit Suisse Group reiterated an outperform rating and issued a $54.00 target price (up from $49.50) on shares of Keysight Technologies in a report on Friday, March 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Keysight Technologies presently has an average rating of Buy and an average price target of $55.50.
Shares of Keysight Technologies (NYSE KEYS) opened at $54.07 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.57 and a debt-to-equity ratio of 0.82. The firm has a market cap of $10,273.30, a price-to-earnings ratio of 115.04 and a beta of 1.14. Keysight Technologies has a twelve month low of $35.05 and a twelve month high of $54.11.
Keysight Technologies announced that its Board of Directors has approved a share repurchase program on Tuesday, March 6th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, SVP Mark Adam Wallace sold 34,803 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the sale, the senior vice president now directly owns 171,187 shares in the company, valued at $9,012,995.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John C. Skinner sold 9,843 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total transaction of $413,799.72. Following the sale, the vice president now owns 29,198 shares in the company, valued at $1,227,483.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,308 shares of company stock worth $10,072,992. 0.97% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Invictus RG acquired a new stake in shares of Keysight Technologies during the third quarter worth $111,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $121,000. Cerebellum GP LLC acquired a new stake in Keysight Technologies in the 4th quarter valued at $125,000. Robeco Institutional Asset Management B.V. acquired a new stake in Keysight Technologies in the 4th quarter valued at $168,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Keysight Technologies in the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 88.91% of the company’s stock.
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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.
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