Zacks Investment Research downgraded shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a hold rating in a research note issued to investors on Friday 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. “

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Keysight Technologies from a buy rating to a hold rating in a research note on Tuesday, November 20th. TheStreet cut Keysight Technologies from an a- rating to a c+ rating in a report on Tuesday, November 20th. Goldman Sachs Group upgraded Keysight Technologies from a neutral rating to a buy rating in a report on Thursday, October 18th. Jefferies Financial Group boosted their target price on Keysight Technologies from $74.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, November 21st. Finally, Stifel Nicolaus assumed coverage on Keysight Technologies in a report on Monday, October 22nd. They set a buy rating and a $73.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $73.00.

Shares of NYSE KEYS opened at $76.86 on Friday. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 25.62 and a beta of 1.13. Keysight Technologies has a one year low of $42.13 and a one year high of $77.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Analysts forecast that Keysight Technologies will post 3.5 EPS for the current year.

In other Keysight Technologies news, VP John C. Skinner sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $57.70, for a total value of $152,154.90. Following the transaction, the vice president now directly owns 37,755 shares of the company’s stock, valued at approximately $2,178,463.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Satish Dhanasekaran sold 1,354 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $61.54, for a total value of $83,325.16. Following the completion of the transaction, the senior vice president now directly owns 29,337 shares in the company, valued at $1,805,398.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,925 shares of company stock valued at $14,923,747. 0.65% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in Keysight Technologies in the second quarter worth $3,264,000. Jane Street Group LLC acquired a new stake in Keysight Technologies in the second quarter worth $359,000. Bank of New York Mellon Corp increased its position in Keysight Technologies by 78.6% in the second quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock worth $264,467,000 after buying an additional 1,972,306 shares during the period. Bank of Montreal Can increased its position in Keysight Technologies by 14.9% in the third quarter. Bank of Montreal Can now owns 12,290 shares of the scientific and technical instruments company’s stock worth $815,000 after buying an additional 1,591 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new stake in Keysight Technologies in the third quarter worth $5,522,000. 87.47% of the stock is currently owned by institutional investors.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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