ValuEngine downgraded shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other analysts also recently issued reports on KEYS. Zacks Investment Research downgraded shares of Keysight Technologies from a buy rating to a sell rating in a report on Tuesday, May 8th. Deutsche Bank raised their price target on shares of Keysight Technologies from $63.00 to $66.00 and gave the stock a buy rating in a report on Thursday, May 31st. Barclays set a $58.00 price target on shares of Keysight Technologies and gave the stock a buy rating in a report on Thursday, May 31st. Credit Suisse Group raised their price target on shares of Keysight Technologies from $57.00 to $60.00 and gave the stock an outperform rating in a report on Thursday, May 31st. Finally, Citigroup raised their price target on shares of Keysight Technologies from $62.00 to $71.00 and gave the stock a buy rating in a report on Wednesday, July 18th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $68.22.

Shares of NYSE KEYS opened at $65.65 on Tuesday. The company has a market cap of $12.29 billion, a PE ratio of 29.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. Keysight Technologies has a 1 year low of $39.54 and a 1 year high of $70.40.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. sell-side analysts expect that Keysight Technologies will post 2.89 EPS for the current fiscal year.

In related news, SVP Mark Adam Wallace sold 29,786 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $61.50, for a total value of $1,831,839.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of KEYS. Bank of New York Mellon Corp increased its holdings in Keysight Technologies by 78.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after purchasing an additional 1,972,306 shares during the last quarter. BlackRock Inc. increased its holdings in Keysight Technologies by 7.5% in the 2nd quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock valued at $1,032,745,000 after purchasing an additional 1,213,517 shares during the last quarter. Millennium Management LLC increased its holdings in Keysight Technologies by 151.5% in the 2nd quarter. Millennium Management LLC now owns 1,206,271 shares of the scientific and technical instruments company’s stock valued at $71,206,000 after purchasing an additional 726,653 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Keysight Technologies in the 2nd quarter valued at approximately $35,850,000. Finally, Carillon Tower Advisers Inc. increased its holdings in Keysight Technologies by 70.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock valued at $77,519,000 after purchasing an additional 540,583 shares during the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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