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

Keysight Technologies (NYSE:KEYS) had its price objective decreased by JPMorgan Chase & Co. from $200.00 to $172.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 26.59% from the company’s current price.

Several other equities research analysts have also recently weighed in on KEYS. Robert W. Baird increased their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $181.33.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $135.87 on Thursday. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 2.41 and a beta of 1.12. 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 business’s 50-day moving average price is $155.42 and its 200-day moving average price is $160.67. Keysight Technologies has a 12 month low of $119.72 and a 12 month high of $186.20.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Keysight Technologies by 5.2% in the third quarter. Wellington Management Group LLP now owns 11,811 shares of the scientific and technical instruments company’s stock worth $1,877,000 after acquiring an additional 587 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $120,000. Tidal Investments LLC boosted its holdings in shares of Keysight Technologies by 8.0% in the third quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company’s stock worth $1,375,000 after buying an additional 642 shares during the last quarter. Principal Financial Group Inc. grew its position in Keysight Technologies by 2.7% during the third quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company’s stock valued at $38,099,000 after buying an additional 6,241 shares during the period. Finally, 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. 84.58% of the stock is owned by hedge funds and other institutional investors.

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.