Keysight Technologies’ (KEYS) “Buy” Rating Reiterated at Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Keysight Technologies Inc. (NYSE:KEYS) in a report released on Friday morning. Robert W. Baird currently has a $48.00 target price on the scientific and technical instruments company’s stock.
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Keysight Technologies from a hold rating to a sell rating in a research note on Tuesday, September 12th. Bank of America Corporation set a $53.00 price target on shares of Keysight Technologies and gave the stock a buy rating in a research note on Thursday, June 8th. ValuEngine lowered shares of Keysight Technologies from a buy rating to a hold rating in a research note on Friday, September 1st. Barclays PLC began coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They issued an overweight rating and a $50.00 price target for the company. Finally, Jefferies Group LLC reiterated a buy rating and issued a $50.00 price target on shares of Keysight Technologies in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $47.11.
Keysight Technologies (NYSE:KEYS) opened at 41.76 on Friday. The firm has a market capitalization of $7.77 billion, a PE ratio of 31.85 and a beta of 1.15. The stock’s 50 day moving average is $40.69 and its 200-day moving average is $39.35. Keysight Technologies has a one year low of $30.93 and a one year high of $43.15.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The company had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. Keysight Technologies’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, analysts anticipate that Keysight Technologies will post $2.47 EPS for the current fiscal year.
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In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Gasparian sold 2,677 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $41.66, for a total transaction of $111,523.82. Following the sale, the senior vice president now owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in KEYS. BlackRock Inc. increased its stake in Keysight Technologies by 12,373.5% during the 1st quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock valued at $525,577,000 after purchasing an additional 14,426,160 shares in the last quarter. Vanguard Group Inc. increased its stake in Keysight Technologies by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock valued at $538,735,000 after purchasing an additional 1,666,595 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Keysight Technologies by 123.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock valued at $62,351,000 after purchasing an additional 885,896 shares in the last quarter. Marshall Wace North America L.P. increased its stake in Keysight Technologies by 23.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock valued at $176,143,000 after purchasing an additional 849,245 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Keysight Technologies during the 2nd quarter valued at about $27,072,000. Institutional investors and hedge funds own 88.06% of the company’s stock.
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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