Keysight Technologies (NYSE:KEYS) had its target price increased by Jefferies Financial Group to $74.00 in a report published on Wednesday, The Fly reports. Jefferies Financial Group currently has a buy rating on the scientific and technical instruments company’s stock.

Other research analysts have also issued reports about the stock. Citigroup raised their price target on shares of Keysight Technologies from $71.00 to $73.00 and gave the company a buy rating in a research note on Wednesday. Robert W. Baird raised their price target on shares of Keysight Technologies from $61.00 to $73.00 and gave the company an outperform rating in a research note on Wednesday. Deutsche Bank raised their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a buy rating in a research note on Wednesday. Zacks Investment Research lowered shares of Keysight Technologies from a buy rating to a hold rating in a research note on Wednesday, August 1st. Finally, Barclays set a $58.00 price target on shares of Keysight Technologies and gave the company a buy rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $68.22.

Shares of Keysight Technologies stock opened at $62.89 on Wednesday. The stock has a market capitalization of $12.06 billion, a P/E ratio of 23.85 and a beta of 1.01. Keysight Technologies has a twelve month low of $39.21 and a twelve month high of $70.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.67 and a current ratio of 2.42.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. Keysight Technologies’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. sell-side analysts forecast that Keysight Technologies will post 2.77 EPS for the current year.

In other Keysight Technologies news, SVP Mark Adam Wallace sold 29,786 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $61.50, for a total value of $1,831,839.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ronald S. Nersesian sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $59.64, for a total transaction of $17,892,000.00. The disclosure for this sale can be found here. Insiders sold a total of 629,786 shares of company stock worth $37,616,339 over the last three months. Corporate insiders own 0.97% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Keysight Technologies by 7.5% in the 2nd quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock worth $1,032,745,000 after purchasing an additional 1,213,517 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Keysight Technologies by 78.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after buying an additional 1,972,306 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Keysight Technologies by 2.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,137,818 shares of the scientific and technical instruments company’s stock valued at $112,147,000 after buying an additional 57,839 shares during the period. Northern Trust Corp raised its position in shares of Keysight Technologies by 2.4% during the 1st quarter. Northern Trust Corp now owns 1,633,310 shares of the scientific and technical instruments company’s stock valued at $85,568,000 after buying an additional 37,581 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Keysight Technologies by 1.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,314,931 shares of the scientific and technical instruments company’s stock valued at $68,889,000 after buying an additional 18,779 shares during the period. 87.41% of the stock is currently owned by institutional investors and hedge funds.

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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