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

Zacks Investment Research cut shares of Keysight Technologies Inc. (NYSE:KEYS) from a buy rating to a hold rating in a report published 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. “

KEYS has been the topic of a number of other reports. Robert W. Baird reaffirmed a buy rating and set a $48.00 target price on shares of Keysight Technologies in a report on Friday, September 1st. Barclays PLC started coverage on Keysight Technologies in a report on Monday, August 7th. They set an overweight rating and a $50.00 target price on the stock. BidaskClub lowered Keysight Technologies from a hold rating to a sell rating in a report on Tuesday, September 12th. Jefferies Group LLC reaffirmed a buy rating and set a $52.00 target price on shares of Keysight Technologies in a report on Friday, October 20th. Finally, ValuEngine lowered Keysight Technologies from a buy rating to a hold rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $47.33.

Shares of Keysight Technologies (NYSE:KEYS) traded down $0.32 on Thursday, hitting $44.00. The stock had a trading volume of 456,400 shares, compared to its average volume of 871,457. The firm has a market capitalization of $8,180.00, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.75 and a quick ratio of 2.04. Keysight Technologies has a 52 week low of $34.61 and a 52 week high of $45.65.

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

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In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KEYS. Ameriprise Financial Inc. boosted its position in Keysight Technologies by 123.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock worth $62,351,000 after acquiring an additional 885,896 shares during the period. Marshall Wace North America L.P. boosted its position in Keysight Technologies by 23.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock worth $176,143,000 after acquiring an additional 849,245 shares during the period. Eagle Asset Management Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth about $27,072,000. BlackRock Inc. boosted its position in Keysight Technologies by 4.5% during the 2nd quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock worth $591,492,000 after acquiring an additional 650,968 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth about $23,017,000. Hedge funds and other institutional investors own 87.92% 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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