Keysight Technologies (NYSE:KEYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

KEYS has been the subject of a number of other research reports. Deutsche Bank lifted their price target on shares of Keysight Technologies to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. TheStreet upgraded shares of Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and issued a $43.00 price target on shares of Keysight Technologies in a research note on Friday, December 8th. Finally, Jefferies Group restated a “buy” rating and issued a $52.00 price target on shares of Keysight Technologies in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.50.

Shares of Keysight Technologies (KEYS) opened at $43.81 on Wednesday. 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 $8,200.00, a price-to-earnings ratio of 73.02 and a beta of 1.26. Keysight Technologies has a 12 month low of $35.05 and a 12 month high of $48.03.

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

In other news, insider Ronald S. Nersesian sold 75,314 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the completion of the transaction, the insider now owns 356,816 shares in the company, valued at $15,364,496.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 162,366 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.04, for a total transaction of $7,312,964.64. Following the transaction, the insider now owns 517,674 shares of the company’s stock, valued at approximately $23,316,036.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,819 shares of company stock valued at $11,483,635. 1.23% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in KEYS. American Century Companies Inc. grew its position in shares of Keysight Technologies by 52.5% during the fourth quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock worth $316,022,000 after acquiring an additional 2,613,683 shares during the last quarter. CI Investments Inc. bought a new position in shares of Keysight Technologies during the fourth quarter worth about $33,357,000. Victory Capital Management Inc. grew its position in shares of Keysight Technologies by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after acquiring an additional 328,386 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Keysight Technologies by 13.3% during the third quarter. Bank of New York Mellon Corp now owns 2,628,761 shares of the scientific and technical instruments company’s stock worth $109,514,000 after acquiring an additional 309,437 shares during the last quarter. Finally, State Street Corp grew its position in shares of Keysight Technologies by 5.4% during the second quarter. State Street Corp now owns 5,051,783 shares of the scientific and technical instruments company’s stock worth $196,669,000 after acquiring an additional 258,368 shares during the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.

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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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