Keysight Technologies Inc. (NYSE:KEYS) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Keysight Technologies Inc. (NYSE:KEYS) from a buy rating to a hold rating in a research report released on Thursday, November 2nd.

According to Zacks, “Keysight Technologies, Inc. is an Applied Technology company that provides electronic measurement solutions to the communications and electronics industries. It provides electronic measurement 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. The Company provides start-up assistance, consulting, optimization and application support throughout the customer’s product lifecycle. It also offers customization, consulting and optimization services throughout the customer’s product lifecycle. Keysight Technologies, Inc. is headquartered in Santa Rosa, California. “

A number of other research firms have also recently issued reports on KEYS. Robert W. Baird restated a buy rating and set a $48.00 target price on shares of Keysight Technologies in a research note on Friday, September 1st. Barclays PLC assumed coverage on shares of Keysight Technologies in a research report on Monday, August 7th. They set an overweight rating and a $50.00 price target on the stock. BidaskClub lowered shares of Keysight Technologies from a hold rating to a sell rating in a report on Tuesday, September 12th. Jefferies Group LLC reissued a buy rating and issued a $52.00 target price on shares of Keysight Technologies in a report on Friday, October 20th. Finally, ValuEngine lowered shares of Keysight Technologies from a buy rating to a hold rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $47.33.

Shares of Keysight Technologies (KEYS) opened at $45.15 on Thursday. Keysight Technologies has a 12 month low of $35.05 and a 12 month high of $45.65. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.92. The company has a market cap of $8,158.04, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. equities research analysts forecast that Keysight Technologies will post 2.2 EPS for the current fiscal year.

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In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Hahn Capital Management LLC lifted its stake in Keysight Technologies by 1.0% in the third quarter. Hahn Capital Management LLC now owns 1,021,825 shares of the scientific and technical instruments company’s stock worth $42,569,000 after acquiring an additional 9,703 shares during the period. California Public Employees Retirement System lifted its stake in Keysight Technologies by 5.2% in the third quarter. California Public Employees Retirement System now owns 400,222 shares of the scientific and technical instruments company’s stock worth $16,673,000 after acquiring an additional 19,722 shares during the period. Point72 Asset Management L.P. lifted its stake in Keysight Technologies by 146.4% in the third quarter. Point72 Asset Management L.P. now owns 322,600 shares of the scientific and technical instruments company’s stock worth $13,440,000 after acquiring an additional 191,700 shares during the period. Janus Henderson Group PLC lifted its stake in Keysight Technologies by 32.7% in the third quarter. Janus Henderson Group PLC now owns 53,915 shares of the scientific and technical instruments company’s stock worth $2,246,000 after acquiring an additional 13,284 shares during the period. Finally, Mastrapasqua Asset Management Inc. lifted its position in Keysight Technologies by 95.2% during the third quarter. Mastrapasqua Asset Management Inc. now owns 28,125 shares of the scientific and technical instruments company’s stock valued at $1,172,000 after buying an additional 13,715 shares during the period. 87.00% of the stock is owned by institutional investors.

About Keysight Technologies

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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