Keysight Technologies, Inc. (NYSE:KEYS – Get Free Report)’s share price reached a new 52-week low on Friday after The Goldman Sachs Group lowered their price target on the stock from $170.00 to $146.00. The Goldman Sachs Group currently has a neutral rating on the stock. Keysight Technologies traded as low as $125.89 and last traded at $135.40, with a volume of 1274121 shares traded. The stock had previously closed at $150.05.
Several other research analysts have also issued reports on KEYS. Morgan Stanley cut their target price on shares of Keysight Technologies from $184.00 to $180.00 in a research report on Monday, April 24th. Bank of America cut their target price on shares of Keysight Technologies from $148.00 to $142.00 in a research report on Friday. Barclays lowered shares of Keysight Technologies from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $204.00 to $144.00 in a research report on Friday. Wells Fargo & Company cut their price target on shares of Keysight Technologies from $200.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Citigroup cut their price target on shares of Keysight Technologies from $200.00 to $174.00 in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.42.
Insider Transactions at Keysight Technologies
In related news, SVP Kailash Narayanan sold 500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $165.00, for a total value of $82,500.00. Following the completion of the transaction, the senior vice president now directly owns 26,169 shares of the company’s stock, valued at $4,317,885. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Kailash Narayanan sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $165.00, for a total transaction of $82,500.00. Following the completion of the sale, the senior vice president now owns 26,169 shares of the company’s stock, valued at $4,317,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Soon Chai Gooi sold 29,139 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $161.95, for a total transaction of $4,719,061.05. Following the sale, the senior vice president now directly owns 227,874 shares of the company’s stock, valued at approximately $36,904,194.30. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Keysight Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Keysight Technologies by 22,598.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 59,271,518 shares of the scientific and technical instruments company’s stock worth $9,925,016,000 after purchasing an additional 59,010,391 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Keysight Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock worth $3,214,409,000 after purchasing an additional 153,857 shares during the last quarter. BlackRock Inc. boosted its holdings in Keysight Technologies by 1.6% in the second quarter. BlackRock Inc. now owns 17,693,221 shares of the scientific and technical instruments company’s stock worth $2,962,730,000 after purchasing an additional 270,252 shares during the last quarter. State Street Corp boosted its holdings in Keysight Technologies by 1.9% in the second quarter. State Street Corp now owns 8,029,013 shares of the scientific and technical instruments company’s stock worth $1,344,458,000 after purchasing an additional 150,464 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Keysight Technologies by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 4,845,261 shares of the scientific and technical instruments company’s stock worth $811,339,000 after purchasing an additional 581,148 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.
Keysight Technologies Stock Down 11.6 %
The company has a quick ratio of 2.68, a current ratio of 3.35 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average is $163.19 and its 200-day moving average is $160.87. The company has a market cap of $23.65 billion, a PE ratio of 20.50, a PEG ratio of 2.63 and a beta of 1.05.
Keysight Technologies (NYSE:KEYS – Get Free Report) last issued its earnings results on Tuesday, May 16th. The scientific and technical instruments company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.17. Keysight Technologies had a net margin of 21.11% and a return on equity of 31.75%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Keysight Technologies, Inc. will post 7.47 EPS for the current year.
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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.