Keysight Technologies Inc (KEYS) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Keysight Technologies Inc (NYSE:KEYS) from a hold rating to a sell rating in a report published on Friday, April 14th.

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 analysts have also issued reports about the company. TheStreet upgraded Keysight Technologies from a c+ rating to a b- rating in a report on Thursday, March 30th. Bank of America Corp initiated coverage on Keysight Technologies in a report on Wednesday, April 5th. They set a buy rating and a $45.00 price target on the stock. Deutsche Bank AG set a $40.00 price target on Keysight Technologies and gave the stock a buy rating in a report on Wednesday, January 11th. Jefferies Group LLC boosted their target price on Keysight Technologies from $42.00 to $45.00 and gave the company a buy rating in a research note on Friday, February 17th. Finally, Wells Fargo & Co initiated coverage on Keysight Technologies in a research note on Thursday, April 6th. They issued an outperform rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $40.57.

Shares of Keysight Technologies (NYSE:KEYS) traded up 0.40% during trading on Friday, reaching $37.60. 496,808 shares of the company traded hands. Keysight Technologies has a 12 month low of $26.87 and a 12 month high of $39.49. The stock’s 50 day moving average price is $37.29 and its 200-day moving average price is $36.76. The stock has a market cap of $6.45 billion, a P/E ratio of 17.01 and a beta of 1.14.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEYS. Denali Advisors LLC raised its position in Keysight Technologies by 11.4% in the third quarter. Denali Advisors LLC now owns 160,200 shares of the scientific and technical instruments company’s stock worth $5,077,000 after buying an additional 16,400 shares during the last quarter. General American Investors Co. Inc. raised its position in Keysight Technologies by 92.9% in the third quarter. General American Investors Co. Inc. now owns 127,900 shares of the scientific and technical instruments company’s stock worth $4,053,000 after buying an additional 61,600 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Keysight Technologies by 549.6% in the third quarter. Great West Life Assurance Co. Can now owns 1,003,529 shares of the scientific and technical instruments company’s stock worth $31,762,000 after buying an additional 849,042 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Keysight Technologies by 2.0% in the third quarter. Tocqueville Asset Management L.P. now owns 219,326 shares of the scientific and technical instruments company’s stock worth $6,950,000 after buying an additional 4,317 shares during the last quarter. Finally, Huntington National Bank raised its position in Keysight Technologies by 1,281.0% in the third quarter. Huntington National Bank now owns 14,459 shares of the scientific and technical instruments company’s stock worth $458,000 after buying an additional 13,412 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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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