Keysight Technologies (KEYS) Rating Lowered to Hold at Zacks Investment Research

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

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. “

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Keysight Technologies from a hold rating to a buy rating in a research note on Friday, October 13th. Jefferies Group reiterated a buy rating and issued a $52.00 target price on shares of Keysight Technologies in a research note on Friday, October 20th. Stifel Nicolaus reiterated a hold rating and issued a $43.00 target price on shares of Keysight Technologies in a research note on Friday, December 8th. TheStreet raised shares of Keysight Technologies from a c rating to a b- rating in a report on Tuesday, October 17th. Finally, Deutsche Bank raised their price target on shares of Keysight Technologies to $55.00 and gave the company a buy rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Keysight Technologies has an average rating of Buy and an average price target of $48.50.

Keysight Technologies (NYSE:KEYS) opened at $43.26 on Wednesday. Keysight Technologies has a one year low of $35.05 and a one year high of $48.03. The company has a quick ratio of 1.94, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. The stock has a market cap of $8,000.00, a P/E ratio of 72.10 and a beta of 1.26.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.12. Keysight Technologies had a net margin of 3.20% and a return on equity of 19.79%. The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $891.55 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. Keysight Technologies’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Keysight Technologies will post 2.54 EPS for the current fiscal year.

In other Keysight Technologies news, insider Ronald S. Nersesian sold 162,366 shares of Keysight Technologies stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $45.04, for a total transaction of $7,312,964.64. Following the completion of the sale, the insider now owns 517,674 shares of the company’s stock, valued at approximately $23,316,036.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Skinner sold 9,843 shares of Keysight Technologies stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total transaction of $413,799.72. Following the sale, the vice president now directly owns 29,198 shares of the company’s stock, valued at approximately $1,227,483.92. The disclosure for this sale can be found here. In the last three months, insiders sold 259,819 shares of company stock valued at $11,483,635. 1.23% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new stake in Keysight Technologies during the 4th quarter worth $1,097,000. American International Group Inc. grew its holdings in Keysight Technologies by 1.1% during the 4th quarter. American International Group Inc. now owns 383,526 shares of the scientific and technical instruments company’s stock worth $15,955,000 after acquiring an additional 4,302 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in Keysight Technologies during the 4th quarter worth $529,000. UBS Asset Management Americas Inc. grew its holdings in Keysight Technologies by 4.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 196,812 shares of the scientific and technical instruments company’s stock worth $8,187,000 after acquiring an additional 7,543 shares during the period. Finally, BlackRock Inc. grew its holdings in Keysight Technologies by 1.5% during the 4th quarter. BlackRock Inc. now owns 15,522,212 shares of the scientific and technical instruments company’s stock worth $645,724,000 after acquiring an additional 223,294 shares during the period. 88.27% of the stock is owned by hedge funds and other institutional investors.

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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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