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

Keysight Technologies (NYSE:KEYS - Free Report) had its target price lowered by JPMorgan Chase & Co. from $200.00 to $172.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the scientific and technical instruments company's stock.

Several other research analysts have also issued reports on the company. Robert W. Baird increased their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of 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 shares of 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. Based on data from MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Keysight Technologies Price Performance

Shares of KEYS stock traded up $2.60 during trading hours on Thursday, hitting $134.48. The company had a trading volume of 167,567 shares, compared to its average volume of 1,148,183. Keysight Technologies has a 12 month low of $119.72 and a 12 month 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 firm's fifty day moving average is $152.84 and its 200 day moving average is $160.28. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.41 and a beta of 1.12.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the transaction, the chief financial officer now owns 115,063 shares of the company's stock, valued at $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC boosted its stake in Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after acquiring an additional 3,650,953 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 29.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after purchasing an additional 3,621,349 shares during the period. Norges Bank acquired a new position in Keysight Technologies in the fourth quarter valued at about $320,707,000. Point72 Asset Management L.P. boosted its holdings in Keysight Technologies by 343.6% during the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after buying an additional 780,893 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Keysight Technologies by 36,268.6% in the 1st quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after acquiring an additional 748,583 shares during the last quarter. 84.58% of the stock is currently 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.