Zacks Investment Research downgraded shares of Keysight Technologies Inc (NASDAQ:KEYS) from a hold rating to a sell rating in a report issued 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. “

KEYS has been the topic of a number of other research reports. TheStreet upgraded Keysight Technologies from a hold rating to a buy rating in a report on Monday, October 17th. Robert W. Baird reduced their target price on Keysight Technologies from $29.00 to $28.00 and set a neutral rating on the stock in a report on Thursday, August 18th. Finally, Deutsche Bank AG upgraded Keysight Technologies from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Monday, September 19th.

Shares of Keysight Technologies (NASDAQ:KEYS) opened at 37.26 on Friday. The stock has a market capitalization of $6.32 billion and a P/E ratio of 19.11. The company’s 50 day moving average price is $33.57 and its 200-day moving average price is $30.76. 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 results on Thursday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $751 million for the quarter, compared to analysts’ expectations of $736.94 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts predict that Keysight Technologies will post $2.36 earnings per share for the current year.

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In other Keysight Technologies news, SVP Michael Gasparian sold 2,692 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $35.90, for a total transaction of $96,642.80. Following the transaction, the senior vice president now 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 can be accessed through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of 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. Mutual of America Capital Management LLC boosted its stake in shares of Keysight Technologies by 4.5% in the third quarter. Mutual of America Capital Management LLC now owns 130,629 shares of the company’s stock worth $4,140,000 after buying an additional 5,601 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Keysight Technologies during the third quarter worth approximately $688,000. TD Asset Management Inc. boosted its stake in shares of Keysight Technologies by 2.4% in the third quarter. TD Asset Management Inc. now owns 261,000 shares of the company’s stock worth $8,271,000 after buying an additional 6,000 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Keysight Technologies by 8.6% in the third quarter. Cardinal Capital Management now owns 43,632 shares of the company’s stock worth $1,383,000 after buying an additional 3,458 shares in the last quarter.

Keysight Technologies Company Profile

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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