Keysight Technologies (NYSE:KEYS) Shares Gap Down – What’s Next?

Keysight Technologies, Inc. (NYSE:KEYS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $172.17, but opened at $161.72. Keysight Technologies shares last traded at $160.33, with a volume of 594,283 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KEYS shares. Bank of America increased their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Susquehanna reaffirmed a “positive” rating and issued a $185.00 price target on shares of Keysight Technologies in a research note on Wednesday, November 20th. Barclays lifted 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 target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.33.

Keysight Technologies Trading Down 5.7 %

The firm’s fifty day simple moving average is $169.93 and its 200 day simple moving average is $160.95. 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 has a market capitalization of $28.07 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction 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. The trade was a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,118 shares of company stock valued at $5,411,891 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KEYS. EverSource Wealth Advisors LLC lifted its position in Keysight Technologies by 3.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company’s stock valued at $314,000 after acquiring an additional 61 shares during the period. Caprock Group LLC grew its stake in shares of Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after buying an additional 66 shares in the last quarter. Signaturefd LLC lifted its holdings in Keysight Technologies by 2.8% during the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock valued at $387,000 after buying an additional 66 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Keysight Technologies by 3.3% in the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 68 shares in the last quarter. Finally, RMR Wealth Builders raised its stake in shares of Keysight Technologies by 2.8% during the 4th quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after acquiring an additional 70 shares in the last quarter. 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.