Zacks Investment Research upgraded shares of Keysight Technologies (NYSE:KEYS) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning. They currently have $72.00 price objective on the scientific and technical instruments company’s stock.

According to Zacks, “Keysight Technologies, Inc. is an Applied Technology company that provides electronic measurement solutions to the communications and electronics industries. It provides electronic measurement 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. The Company provides start-up assistance, consulting, optimization and application support throughout the customer’s product lifecycle. It also offers customization, consulting and optimization services throughout the customer’s product lifecycle. Keysight Technologies, Inc. is headquartered in Santa Rosa, California. “

Several other research analysts have also recently weighed in on the company. Citigroup boosted their target price on Keysight Technologies from $62.00 to $71.00 and gave the stock a buy rating in a report on Wednesday, July 18th. Deutsche Bank boosted their target price on Keysight Technologies from $63.00 to $66.00 and gave the stock a buy rating in a report on Thursday, May 31st. Credit Suisse Group boosted their target price on Keysight Technologies from $57.00 to $60.00 and gave the stock an outperform rating in a report on Thursday, May 31st. Deutsche Bank boosted their target price on Keysight Technologies from $66.00 to $80.00 and gave the stock a buy rating in a report on Wednesday. Finally, Barclays set a $58.00 target price on Keysight Technologies and gave the stock a buy rating in a report on Thursday, May 31st. One research 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. Keysight Technologies currently has a consensus rating of Buy and an average target price of $68.22.

Shares of Keysight Technologies stock opened at $62.89 on Friday. The company has a market cap of $12.06 billion, a PE ratio of 23.85 and a beta of 1.01. Keysight Technologies has a 1-year low of $39.21 and a 1-year 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 earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. analysts expect that Keysight Technologies will post 2.77 earnings per share for the current fiscal year.

In other news, insider Ronald S. Nersesian sold 300,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $59.64, for a total transaction of $17,892,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ronald S. Nersesian sold 50,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $60.85, for a total transaction of $3,042,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 629,786 shares of company stock worth $37,616,339. Corporate insiders own 0.97% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in KEYS. BlackRock Inc. raised its position in Keysight Technologies by 7.5% in the second quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock valued at $1,032,745,000 after purchasing an additional 1,213,517 shares during the period. Bank of New York Mellon Corp raised its position in Keysight Technologies by 78.6% in the second 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 purchasing an additional 1,972,306 shares during the period. Great West Life Assurance Co. Can raised its position in Keysight Technologies by 2.8% in the first 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 purchasing an additional 57,839 shares during the period. Northern Trust Corp raised its position in Keysight Technologies by 2.4% in the first 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 purchasing an additional 37,581 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Keysight Technologies by 1.4% in the first 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 purchasing an additional 18,779 shares during the period. 87.41% of the stock is currently owned by hedge funds and other 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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