Keysight Technologies (NYSE:KEYS) Upgraded to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Keysight Technologies (NYSE:KEYS) from a neutral rating to a buy rating in a research note released on Monday, FlyOnTheWall reports.

Several other analysts have also issued reports on KEYS. Morgan Stanley reduced their price target on shares of Keysight Technologies from $180.00 to $165.00 and set an equal weight rating on the stock in a research report on Friday, August 18th. Bank of America reduced their price target on shares of Keysight Technologies from $148.00 to $142.00 in a research report on Friday, August 18th. VNET Group reissued an initiates rating on shares of Keysight Technologies in a research note on Friday, June 30th. Wells Fargo & Company dropped their price objective on shares of Keysight Technologies from $200.00 to $175.00 and set an overweight rating for the company in a research note on Friday, August 18th. Finally, Citigroup dropped their price objective on shares of Keysight Technologies from $200.00 to $174.00 and set a buy rating for the company in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Keysight Technologies presently has a consensus rating of Moderate Buy and an average target price of $174.91.

Keysight Technologies Stock Performance

NYSE KEYS opened at $133.88 on Monday. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 3.07 and a beta of 1.07. The firm’s 50 day simple moving average is $155.58 and its 200 day simple moving average is $156.23. Keysight Technologies has a 1 year low of $125.89 and a 1 year high of $189.45.

Insider Activity

In other news, SVP Kailash Narayanan sold 500 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $165.00, for a total transaction of $82,500.00. Following the completion of the transaction, the senior vice president now owns 26,169 shares of the company’s stock, valued at $4,317,885. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds have recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its stake in Keysight Technologies by 0.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock worth $2,296,000 after buying an additional 57 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in Keysight Technologies by 0.4% in the second quarter. Sumitomo Life Insurance Co. now owns 14,996 shares of the scientific and technical instruments company’s stock worth $2,511,000 after purchasing an additional 58 shares during the period. Glenview Trust Co grew its holdings in Keysight Technologies by 3.8% in the fourth quarter. Glenview Trust Co now owns 1,791 shares of the scientific and technical instruments company’s stock worth $306,000 after purchasing an additional 65 shares during the period. ETF Managers Group LLC grew its holdings in Keysight Technologies by 1.5% in the first quarter. ETF Managers Group LLC now owns 4,569 shares of the scientific and technical instruments company’s stock worth $738,000 after purchasing an additional 68 shares during the period. Finally, Snowden Capital Advisors LLC grew its holdings in Keysight Technologies by 2.9% in the second quarter. Snowden Capital Advisors LLC now owns 2,524 shares of the scientific and technical instruments company’s stock worth $423,000 after purchasing an additional 71 shares during the period. Institutional investors own 81.72% 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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.