Keysight Technologies (NYSE:KEYS) Hits New 1-Year High – Time to Buy?

Keysight Technologies, Inc. (NYSE:KEYS) hit a new 52-week high during trading on Thursday . The stock traded as high as $186.20 and last traded at $185.18, with a volume of 923854 shares traded. The stock had previously closed at $184.69.

Analyst Ratings Changes

KEYS has been the subject of several research reports. Barclays upped their target price on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Bank of America lifted their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. Finally, StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The firm has a market cap of $32.02 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The firm has a 50-day simple moving average of $169.26 and a 200 day simple moving average of $159.17.

Insider Buying and Selling at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the transaction, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock valued at $5,573,941. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Keysight Technologies

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in Keysight Technologies by 3.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company’s stock worth $314,000 after buying an additional 61 shares in the last quarter. Caprock Group LLC increased its holdings in Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after buying an additional 66 shares in the last quarter. Signaturefd LLC increased its holdings in Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock worth $387,000 after buying an additional 66 shares in the last quarter. OLD National Bancorp IN increased its holdings in Keysight Technologies by 3.3% in the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock worth $340,000 after buying an additional 68 shares in the last quarter. Finally, RMR Wealth Builders increased its holdings in Keysight Technologies by 2.8% in the 4th quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

About Keysight Technologies

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.