Keysight Technologies (NYSE:KEYS) Price Target Raised to $190.00 at Wells Fargo & Company

Keysight Technologies (NYSE:KEYS) had its target price increased by Wells Fargo & Company from $180.00 to $190.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

KEYS has been the subject of a number of other reports. Robert W. Baird boosted 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. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Bank of America boosted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $159.61 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $169.91 and a 200 day moving average price of $160.93. The company has a market cap of $27.60 billion, a P/E ratio of 45.60, a PEG ratio of 2.41 and a beta of 1.02. Keysight Technologies has a 12 month low of $119.72 and a 12 month high of $186.20.

Insider Activity

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the transaction, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the transaction, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,118 shares of company stock valued at $5,411,891. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its position in Keysight Technologies by 8.7% during the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company’s stock worth $28,125,000 after buying an additional 14,185 shares during the period. Janney Montgomery Scott LLC grew its position in Keysight Technologies by 72.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock worth $2,685,000 after buying an additional 7,106 shares during the period. Speece Thorson Capital Group Inc. grew its position in Keysight Technologies by 28.7% during the third quarter. Speece Thorson Capital Group Inc. now owns 80,629 shares of the scientific and technical instruments company’s stock worth $12,814,000 after buying an additional 17,962 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after buying an additional 3,857 shares during the period. Finally, LMR Partners LLP acquired a new position in Keysight Technologies during the third quarter worth about $14,339,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

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.