Keysight Technologies (NYSE:KEYS) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Keysight Technologies (NYSE:KEYS - Free Report) from a neutral rating to an overweight rating in a research note released on Monday, Marketbeat reports. JPMorgan Chase & Co. currently has $200.00 price target on the scientific and technical instruments company's stock, up from their prior price target of $170.00.

Several other brokerages have also recently issued reports on KEYS. Barclays raised their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Bank of America increased their target price on Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and an average target price of $180.80.

Keysight Technologies Stock Up 2.6 %

Shares of NYSE:KEYS traded up $4.38 on Monday, hitting $170.88. 1,466,786 shares of the company traded hands, compared to its average volume of 1,204,733. The stock has a 50 day simple moving average of $161.32 and a 200-day simple moving average of $148.55. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company has a market cap of $29.66 billion, a PE ratio of 49.04, a PEG ratio of 2.15 and a beta of 1.00. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $175.39.

Insider Buying and Selling

In other news, SVP Jeffrey K. Li sold 4,412 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the sale, the senior vice president now directly owns 30,637 shares of the company's stock, valued at $5,267,113.04. This trade represents a 12.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the transaction, the chief executive officer now directly owns 116,582 shares in the company, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,063 shares of company stock worth $4,603,201. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Keysight Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock valued at $697,411,000 after buying an additional 323,235 shares during the period. Swedbank AB raised its stake in shares of Keysight Technologies by 7.1% during the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock valued at $702,671,000 after acquiring an additional 292,372 shares in the last quarter. Fort Pitt Capital Group LLC boosted its holdings in shares of Keysight Technologies by 59.1% in the third quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company's stock valued at $109,138,000 after purchasing an additional 254,985 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Keysight Technologies by 506.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company's stock worth $41,148,000 after purchasing an additional 251,274 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company's stock worth $158,692,000 after purchasing an additional 216,564 shares during the period. 84.58% of the stock is 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.