Keysight Technologies (NYSE:KEYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $59.00 price target on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.12% from the company’s previous close.
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. “
A number of other equities research analysts have also weighed in on KEYS. Barclays set a $53.00 price objective on shares of Keysight Technologies and gave the company a “buy” rating in a report on Sunday, March 4th. Jefferies Group reissued a “buy” rating and set a $62.00 price objective on shares of Keysight Technologies in a report on Wednesday. They noted that the move was a valuation call. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stifel Nicolaus reissued a “hold” rating and set a $43.00 price objective on shares of Keysight Technologies in a report on Friday, December 8th. Finally, Deutsche Bank boosted their price objective on shares of Keysight Technologies to $55.00 and gave the company a “buy” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.50.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $837.00 million for the quarter, compared to the consensus estimate of $805.96 million. Keysight Technologies had a return on equity of 18.19% and a net margin of 2.64%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. equities research analysts anticipate that Keysight Technologies will post 2.69 EPS for the current year.
Keysight Technologies announced that its board has approved a stock repurchase plan on Tuesday, March 6th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In other Keysight Technologies news, SVP Stephen D. Williams sold 12,296 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $41.79, for a total value of $513,849.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John C. Skinner sold 9,843 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total transaction of $413,799.72. Following the completion of the sale, the vice president now directly owns 29,198 shares in the company, valued at $1,227,483.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,308 shares of company stock worth $10,072,992. 0.97% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of KEYS. American Century Companies Inc. boosted its holdings in Keysight Technologies by 52.5% in the fourth quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock valued at $316,022,000 after purchasing an additional 2,613,683 shares during the last quarter. CI Investments Inc. purchased a new stake in shares of Keysight Technologies during the 4th quarter worth about $33,357,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Keysight Technologies during the 4th quarter worth about $27,106,000. Goldman Sachs Group Inc. boosted its stake in shares of Keysight Technologies by 74.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 973,095 shares of the scientific and technical instruments company’s stock worth $40,481,000 after acquiring an additional 416,315 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Keysight Technologies by 8.3% during the 4th quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after acquiring an additional 328,386 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors.
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Keysight Technologies Company Profile
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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