Today, The Zacks Investment Research lowers the Stock rating of Keysight Technologies Inc (KEYS)

Today, The Zacks Investment Research lowers the Stock rating of Keysight Technologies Inc (KEYS)

Keysight Technologies Inc (NASDAQ:KEYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

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 brokerages have also weighed in on KEYS. TheStreet upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 17th. Robert W. Baird lowered their price objective on shares of Keysight Technologies from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, August 18th. Finally, Deutsche Bank AG upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday, September 19th.

Keysight Technologies (NASDAQ:KEYS) opened at 37.98 on Friday. The firm has a 50-day moving average of $33.57 and a 200 day moving average of $30.76. The firm has a market capitalization of $6.45 billion and a PE ratio of 19.48. Keysight Technologies has a 12 month low of $21.07 and a 12 month high of $38.28.

Keysight Technologies (NASDAQ:KEYS) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. The business earned $751 million during the quarter, compared to the consensus estimate of $736.94 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities research analysts forecast that Keysight Technologies will post $2.36 earnings per share for the current year.

In related news, SVP Michael Gasparian sold 2,692 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $35.90, for a total transaction of $96,642.80. Following the completion of the sale, the senior vice president now directly owns 65,703 shares in the company, valued at approximately $2,358,737.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of large investors have recently bought and sold shares of KEYS. BlackRock Fund Advisors raised its stake in Keysight Technologies by 4.4% in the third quarter. BlackRock Fund Advisors now owns 6,114,490 shares of the company’s stock worth $193,768,000 after buying an additional 260,007 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Keysight Technologies by 40.4% in the third quarter. JPMorgan Chase & Co. now owns 6,078,041 shares of the company’s stock worth $163,284,000 after buying an additional 1,750,207 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Keysight Technologies by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,101,025 shares of the company’s stock worth $161,651,000 after buying an additional 12,824 shares in the last quarter. Victory Capital Management Inc. raised its stake in Keysight Technologies by 21.3% in the third quarter. Victory Capital Management Inc. now owns 3,613,828 shares of the company’s stock worth $114,522,000 after buying an additional 633,963 shares in the last quarter. Finally, Snow Capital Management LP raised its stake in Keysight Technologies by 31.0% in the third quarter. Snow Capital Management LP now owns 2,626,254 shares of the company’s stock worth $83,226,000 after buying an additional 620,719 shares in the last quarter.

About Keysight Technologies

Keysight Technologies, Inc (Keysight) is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company 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.

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