Keysight Technologies Inc. (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 report released on Thursday.

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 equities research analysts have also recently commented on the stock. Credit Suisse Group raised their target price on shares of Keysight Technologies from $45.50 to $49.00 and gave the stock an outperform rating in a research note on Thursday, August 31st. 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. BidaskClub cut shares of Keysight Technologies from a buy rating to a hold rating in a research note on Tuesday, August 22nd. ValuEngine cut shares of Keysight Technologies from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Citigroup Inc restated a buy rating and set a $50.00 target price (up previously from $49.00) on shares of Keysight Technologies in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Keysight Technologies currently has a consensus rating of Buy and a consensus target price of $47.33.

Keysight Technologies (KEYS) traded up $0.21 during midday trading on Thursday, reaching $44.78. The company had a trading volume of 821,626 shares, compared to its average volume of 538,604. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.04 and a current ratio of 2.75.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $832.00 million for 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 was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. equities analysts predict that Keysight Technologies will post 2.2 EPS for the current fiscal year.

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In related news, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its position in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 63 shares during the last quarter. Cadence Capital Management LLC increased its position in Keysight Technologies by 1.1% in the second quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock worth $240,000 after purchasing an additional 66 shares during the last quarter. Bank of Montreal Can increased its position in Keysight Technologies by 2.5% in the second quarter. Bank of Montreal Can now owns 8,977 shares of the scientific and technical instruments company’s stock worth $349,000 after purchasing an additional 217 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Keysight Technologies by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,956 shares of the scientific and technical instruments company’s stock worth $1,049,000 after purchasing an additional 228 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Keysight Technologies by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 48,250 shares of the scientific and technical instruments company’s stock worth $1,877,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

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.

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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