Keysight Technologies Inc (NYSE:KEYS) has received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $94.29.
KEYS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Deutsche Bank set a $18.00 price target on shares of Commercial Metals and gave the stock a “buy” rating in a research report on Thursday, May 30th. Stifel Nicolaus set a $7.00 price target on shares of Endologix and gave the stock a “hold” rating in a research report on Monday, April 1st. Finally, Robert W. Baird set a $129.00 price target on shares of Deere & Company and gave the stock a “hold” rating in a research report on Monday, May 20th.
KEYS stock traded down $0.83 during mid-day trading on Friday, hitting $87.39. 44,614 shares of the company were exchanged, compared to its average volume of 1,679,765. The firm has a market cap of $16.40 billion, a P/E ratio of 29.00, a PEG ratio of 2.30 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.90 and a quick ratio of 1.46. Keysight Technologies has a twelve month low of $53.21 and a twelve month high of $94.52. The stock’s fifty day moving average is $85.57.
Keysight Technologies declared that its board has initiated a share buyback program on Wednesday, May 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In related news, Director James Cullen sold 16,268 shares of Keysight Technologies stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $75.50, for a total value of $1,228,234.00. Following the sale, the director now directly owns 25,361 shares in the company, valued at approximately $1,914,755.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark Pierpoint sold 14,832 shares of Keysight Technologies stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.00, for a total transaction of $1,394,208.00. Following the completion of the sale, the senior vice president now owns 48,747 shares in the company, valued at $4,582,218. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,718 shares of company stock worth $3,645,835. Insiders own 0.65% of the company’s stock.
A number of large investors have recently modified their holdings of KEYS. BlackRock Inc. lifted its position in Keysight Technologies by 14.0% in the 1st quarter. BlackRock Inc. now owns 14,460,516 shares of the scientific and technical instruments company’s stock valued at $1,260,956,000 after purchasing an additional 1,780,298 shares during the last quarter. Norges Bank acquired a new position in Keysight Technologies during the 4th quarter valued at about $108,952,000. Geode Capital Management LLC increased its stake in Keysight Technologies by 48.2% during the 4th quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock valued at $165,994,000 after buying an additional 871,373 shares during the period. Deutsche Bank AG increased its stake in Keysight Technologies by 88.1% during the 4th quarter. Deutsche Bank AG now owns 1,757,954 shares of the scientific and technical instruments company’s stock valued at $109,130,000 after buying an additional 823,501 shares during the period. Finally, AGF Investments Inc. acquired a new position in Keysight Technologies during the 1st quarter valued at about $41,697,000. Hedge funds and other institutional investors own 85.78% 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, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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