JPMorgan Chase & Co. Cuts Keysight Technologies (NYSE:KEYS) Price Target to $172.00

Keysight Technologies (NYSE:KEYS) had its price target trimmed by JPMorgan Chase & Co. from $200.00 to $172.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the scientific and technical instruments company’s stock.

Several other equities analysts have also weighed in on KEYS. Robert W. Baird upped their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. One research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.33.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $135.51 on Thursday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 2.41 and a beta of 1.12. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20. 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 stock’s 50 day moving average price is $153.76 and its two-hundred day moving average price is $160.41.

Insider Activity

In other news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. The trade was a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Keysight Technologies

A number of hedge funds have recently bought and sold shares of KEYS. Central Pacific Bank Trust Division increased its position in shares of Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 133 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Keysight Technologies by 241.8% during the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock worth $44,000 after buying an additional 191 shares during the last quarter. Versant Capital Management Inc raised its position in Keysight Technologies by 79.4% in the fourth quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 158 shares during the period. Finally, Quarry LP boosted its stake in Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after acquiring an additional 284 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

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.