Keysight Technologies (KEYS) Upgraded to “Buy” by Goldman Sachs Group

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Goldman Sachs Group upgraded shares of Keysight Technologies (NYSE:KEYS) from a neutral rating to a buy rating in a report issued on Thursday, Marketbeat Ratings reports.

Other research analysts have also issued research reports about the stock. Robert W. Baird increased their price target on shares of Keysight Technologies from $61.00 to $73.00 and gave the stock an outperform rating in a research note on Wednesday, August 22nd. Citigroup raised their target price on shares of Keysight Technologies from $71.00 to $73.00 and gave the company a buy rating in a research note on Wednesday, August 22nd. Deutsche Bank raised their target price on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, August 22nd. ValuEngine lowered shares of Keysight Technologies from a buy rating to a hold rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Keysight Technologies from a buy rating to a hold rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $68.22.

Shares of KEYS traded down $1.01 during mid-day trading on Thursday, hitting $62.06. 44,836 shares of the company’s stock were exchanged, compared to its average volume of 1,155,120. Keysight Technologies has a twelve month low of $41.33 and a twelve month high of $70.40. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 28.48 and a beta of 1.06. The company has a quick ratio of 1.75, a current ratio of 2.42 and a debt-to-equity ratio of 0.69.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $961.91 million. During the same quarter in the prior year, the business posted $0.61 EPS. Keysight Technologies’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts predict that Keysight Technologies will post 2.89 earnings per share for the current fiscal year.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.97% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Carillon Tower Advisers Inc. lifted its holdings in shares of Keysight Technologies by 70.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock worth $77,519,000 after acquiring an additional 540,583 shares during the period. Millennium Management LLC lifted its holdings in shares of Keysight Technologies by 151.5% during the 2nd quarter. Millennium Management LLC now owns 1,206,271 shares of the scientific and technical instruments company’s stock worth $71,206,000 after acquiring an additional 726,653 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Keysight Technologies by 4.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 72,903 shares of the scientific and technical instruments company’s stock worth $4,303,000 after acquiring an additional 2,801 shares during the period. Nissay Asset Management Corp Japan ADV bought a new position in shares of Keysight Technologies during the 2nd quarter worth about $889,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of Keysight Technologies during the 2nd quarter worth about $1,519,000. 87.53% of the stock is owned by institutional investors.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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