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

Keysight Technologies (NYSE:KEYS) had its price objective raised by Wells Fargo & Company from $180.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 16.54% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley boosted 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. Barclays boosted their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. upgraded shares of 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 research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.33.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $163.03 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a fifty day moving average of $169.93 and a 200 day moving average of $160.95. The firm has a market cap of $28.19 billion, a PE ratio of 46.89, a PEG ratio of 2.41 and a beta of 1.02. Keysight Technologies has a one year low of $119.72 and a one year high of $186.20.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 17,822 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were 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 directly owns 85,829 shares in the company, valued at approximately $13,886,273.91. This trade represents a 6.53 % 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 worth $5,411,891 in the last quarter. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Keysight Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of KEYS. Cypress Asset Management Inc. TX purchased a new position in Keysight Technologies during the fourth quarter worth about $252,000. Ascent Group LLC boosted its position in shares of Keysight Technologies by 5.2% during the 4th quarter. Ascent Group LLC now owns 9,868 shares of the scientific and technical instruments company’s stock worth $1,585,000 after purchasing an additional 487 shares during the period. Mackenzie Financial Corp boosted its position in shares of Keysight Technologies by 1.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,755,315 shares of the scientific and technical instruments company’s stock worth $281,956,000 after purchasing an additional 27,179 shares during the period. Forum Financial Management LP increased its holdings in Keysight Technologies by 24.5% in the 4th quarter. Forum Financial Management LP now owns 1,735 shares of the scientific and technical instruments company’s stock valued at $279,000 after purchasing an additional 341 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in Keysight Technologies in the fourth quarter valued at approximately $1,120,000. 84.58% of the stock is owned by institutional investors and hedge funds.

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.