Barclays PLC Initiates Coverage on Keysight Technologies Inc. (NYSE:KEYS)

Barclays PLC began coverage on shares of Keysight Technologies Inc. (NYSE:KEYS) in a research note published on Monday, August 7th, MarketBeat reports. The brokerage issued an overweight rating and a $50.00 price objective on the scientific and technical instruments company’s stock.

Other equities analysts also recently issued research reports about the company. Jefferies Group LLC increased their price target on Keysight Technologies from $45.00 to $50.00 and gave the stock a buy rating in a research report on Monday, April 17th. ValuEngine raised Keysight Technologies from a hold rating to a buy rating in a research report on Friday, June 2nd. Bank of America Corporation reissued a buy rating and set a $47.00 price target on shares of Keysight Technologies in a research report on Friday, June 2nd. Citigroup Inc. started coverage on Keysight Technologies in a research report on Tuesday, May 30th. They set a buy rating and a $44.00 price target on the stock. Finally, Deutsche Bank AG set a $46.00 price target on Keysight Technologies and gave the stock a buy rating in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Keysight Technologies has an average rating of Buy and an average target price of $45.90.

Shares of Keysight Technologies (NYSE KEYS) traded down 1.08% during trading on Monday, reaching $40.39. The company’s stock had a trading volume of 714,385 shares. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 20.52 and a beta of 1.15. Keysight Technologies has a one year low of $29.25 and a one year high of $43.15. The company has a 50-day moving average price of $41.35 and a 200-day moving average price of $38.59.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The business had revenue of $758 million for the quarter, compared to the consensus estimate of $748.59 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Keysight Technologies will post $2.48 earnings per share for the current fiscal year.

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In other Keysight Technologies news, insider Ronald S. Nersesian sold 330,451 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $38.29, for a total value of $12,652,968.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $41.66, for a total value of $111,523.82. Following the completion of the sale, the senior vice president now owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The disclosure for this sale can be found here. Insiders have sold a total of 461,554 shares of company stock valued at $17,749,840 over the last 90 days. 1.23% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in KEYS. Oak Associates Ltd. OH boosted its stake in Keysight Technologies by 8.7% in the second quarter. Oak Associates Ltd. OH now owns 289,870 shares of the scientific and technical instruments company’s stock worth $11,285,000 after buying an additional 23,230 shares during the period. WINTON GROUP Ltd boosted its stake in Keysight Technologies by 80.4% in the second quarter. WINTON GROUP Ltd now owns 122,833 shares of the scientific and technical instruments company’s stock worth $4,782,000 after buying an additional 54,738 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Keysight Technologies by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 424,633 shares of the scientific and technical instruments company’s stock worth $16,531,000 after buying an additional 1,762 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Keysight Technologies by 2.5% in the second quarter. Ameritas Investment Partners Inc. now owns 55,272 shares of the scientific and technical instruments company’s stock worth $2,152,000 after buying an additional 1,354 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Keysight Technologies during the second quarter worth approximately $207,000. Institutional investors own 85.57% of the company’s stock.

Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

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