Keysight Technologies Inc. (NYSE:KEYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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 several other research reports. Credit Suisse Group lifted their price objective on Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Robert W. Baird reiterated a “buy” rating and issued a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, August 25th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 price objective (up previously from $49.00) on shares of Keysight Technologies in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price objective on shares of Keysight Technologies in a research report on Friday, September 1st. Finally, Barclays PLC began coverage on Keysight Technologies in a research report on Monday, August 7th. They set an “overweight” rating and a $50.00 target price for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.33.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The business had revenue of $832.00 million for the quarter, compared to analyst estimates of $862.38 million. During the same quarter in the previous year, the firm earned $0.63 EPS. Keysight Technologies’s quarterly revenue was up 16.4% on a year-over-year basis.

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In other Keysight Technologies news, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.

A number of large investors have recently bought and sold shares of KEYS. Ameriprise Financial Inc. grew its stake in Keysight Technologies by 123.8% in the second quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock valued at $62,351,000 after acquiring an additional 885,896 shares during the period. Marshall Wace North America L.P. grew its stake in Keysight Technologies by 23.2% in the second quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock valued at $176,143,000 after acquiring an additional 849,245 shares during the period. Eagle Asset Management Inc. acquired a new position in Keysight Technologies in the second quarter valued at about $27,072,000. BlackRock Inc. grew its stake in Keysight Technologies by 4.5% in the second quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock valued at $591,492,000 after acquiring an additional 650,968 shares during the period. Finally, Scout Investments Inc. acquired a new position in Keysight Technologies in the second quarter valued at about $23,017,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

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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