Zacks Investment Research downgraded shares of Keysight Technologies Inc. (NYSE:KEYS) from a buy rating to a hold rating in a research note published on Thursday morning.

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

Shares of Keysight Technologies (KEYS) traded up $0.42 on Thursday, hitting $44.78. 821,626 shares of the stock traded hands, compared to its average volume of 538,604. The company has a market capitalization of $8,300.78, a price-to-earnings ratio of 20.35, a PEG ratio of 2.29 and a beta of 1.17. 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 $31.82 and a 52 week high of $44.94.

Keysight Technologies (NYSE:KEYS) last released its quarterly 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 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%. Keysight Technologies’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. sell-side analysts expect that Keysight Technologies will post 2.2 EPS for the current year.

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In related news, VP John C. Skinner sold 15,058 shares of Keysight Technologies stock in a transaction on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ronald S. Nersesian sold 58,931 shares of Keysight Technologies stock in a transaction on Monday, October 9th. The stock was 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. Company insiders own 1.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning grew its position in Keysight Technologies by 1.2% in the 2nd 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 grew its position in Keysight Technologies by 1.1% in the 2nd 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 grew its position in Keysight Technologies by 2.5% in the 2nd 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 grew its position in Keysight Technologies by 0.9% in the 2nd 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 grew its position in Keysight Technologies by 0.6% in the 2nd 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.

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