Keysight Technologies (NYSE:KEYS) had its target price boosted by Citigroup from $55.00 to $62.00 in a research report report published on Friday morning. They currently have a buy rating on the scientific and technical instruments company’s stock.
A number of other research analysts have also commented on the stock. Deutsche Bank upped their price objective on shares of Keysight Technologies to $65.00 and gave the company a buy rating in a research report on Friday. Credit Suisse Group upped their price objective on shares of Keysight Technologies from $54.00 to $57.00 and gave the company an outperform rating in a research report on Friday. Robert W. Baird reaffirmed an outperform rating and set a $60.00 price objective (up previously from $52.00) on shares of Keysight Technologies in a research report on Thursday, March 8th. Zacks Investment Research raised shares of Keysight Technologies from a hold rating to a buy rating and set a $59.00 price objective for the company in a research report on Thursday, March 8th. Finally, Barclays upped their price objective on shares of Keysight Technologies from $53.00 to $56.00 and gave the company an overweight rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Keysight Technologies has an average rating of Buy and a consensus price target of $55.50.
Keysight Technologies (NYSE:KEYS) opened at $54.62 on Friday. The firm has a market cap of $10,230.00, a price-to-earnings ratio of -50.57 and a beta of 1.19. The company has a current ratio of 2.57, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Keysight Technologies has a 52-week low of $35.05 and a 52-week high of $55.21.
Keysight Technologies declared that its Board of Directors has approved a share buyback plan on Tuesday, March 6th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
In related news, SVP Mark Adam Wallace sold 34,803 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $52.65, for a total value of $1,832,377.95. Following the completion of the transaction, the senior vice president now owns 171,187 shares of the company’s stock, valued at $9,012,995.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen D. Williams sold 12,296 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $41.79, for a total transaction of $513,849.84. The disclosure for this sale can be found here. Insiders sold 209,465 shares of company stock valued at $9,659,192 in the last three months. Company insiders own 0.97% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Invictus RG acquired a new position in Keysight Technologies in the third quarter worth about $111,000. SeaCrest Wealth Management LLC acquired a new position in Keysight Technologies in the fourth quarter worth about $121,000. Cerebellum GP LLC acquired a new position in Keysight Technologies in the fourth quarter worth about $125,000. Robeco Institutional Asset Management B.V. acquired a new position in Keysight Technologies in the fourth quarter worth about $168,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Keysight Technologies in the second quarter worth about $207,000. 88.66% of the stock is owned by hedge funds and other institutional investors.
About Keysight Technologies
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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