Zacks Investment Research downgraded shares of Keysight Technologies Inc (NASDAQ:KEYS) from a hold rating to a sell rating in a research note published 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 reports about the stock. Robert W. Baird decreased their target price on shares of Keysight Technologies from $29.00 to $28.00 and set a neutral rating on the stock in a research note on Thursday, August 18th. Deutsche Bank AG raised shares of Keysight Technologies from a hold rating to a buy rating and set a $33.00 target price on the stock in a research note on Monday, September 19th. Finally, TheStreet raised shares of Keysight Technologies from a hold rating to a buy rating in a research note on Monday, October 17th.

Keysight Technologies (NASDAQ:KEYS) opened at 38.26 on Friday. The firm has a market cap of $6.49 billion and a P/E ratio of 19.62. The firm’s 50-day moving average is $33.38 and its 200 day moving average is $30.61. Keysight Technologies has a 12-month low of $21.07 and a 12-month high of $38.28.

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

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In related news, SVP Michael Gasparian sold 2,692 shares of Keysight Technologies stock in a transaction on Monday, November 21st. The shares were sold at an average price of $35.90, for a total value of $96,642.80. Following the sale, the senior vice president now owns 65,703 shares in the company, valued at $2,358,737.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the stock. Garde Capital Inc. bought a new stake in Keysight Technologies during the third quarter valued at $207,000. Ameritas Investment Partners Inc. boosted its stake in shares of Keysight Technologies by 90.6% in the third quarter. Ameritas Investment Partners Inc. now owns 51,299 shares of the company’s stock worth $1,626,000 after buying an additional 24,383 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Keysight Technologies during the third quarter worth approximately $102,000. 1832 Asset Management L.P. boosted its stake in shares of Keysight Technologies by 1.0% in the third quarter. 1832 Asset Management L.P. now owns 2,244,627 shares of the company’s stock worth $71,129,000 after buying an additional 22,818 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Keysight Technologies during the third quarter worth approximately $7,375,000.

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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