Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Keysight Technologies (NYSE:KEYS) had its price target hoisted by research analysts at Wells Fargo & Company from $180.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 19.97% from the company’s current price.

Several other brokerages have also recently issued reports on KEYS. Morgan Stanley raised their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Susquehanna reaffirmed a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. Finally, Barclays raised their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Stock Performance

Shares of KEYS opened at $158.38 on Wednesday. The business’s fifty day moving average price is $169.91 and its 200 day moving average price is $160.93. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $186.20. The stock has a market capitalization of $27.38 billion, a PE ratio of 45.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insider Buying and Selling

In related 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 transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,118 shares of company stock valued at $5,411,891 over the last three months. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in Keysight Technologies in the 3rd quarter worth about $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies during the 3rd quarter valued at about $29,000. Goodman Advisory Group LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $35,000. Groupama Asset Managment grew its stake in shares of Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 9,437 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Company Profile

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.