Keysight Technologies Inc (KEYS) Upgraded at BidaskClub

BidaskClub upgraded shares of Keysight Technologies Inc (NYSE:KEYS) from a sell rating to a hold rating in a research report sent to investors on Monday.

Several other brokerages have also recently weighed in on KEYS. Robert W. Baird reiterated a buy rating and set a $48.00 price target on shares of Keysight Technologies in a research report on Friday, September 1st. Barclays PLC initiated coverage on Keysight Technologies in a research report on Monday, August 7th. They issued an overweight rating and a $50.00 price objective for the company. ValuEngine cut Keysight Technologies from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research cut Keysight Technologies from a strong-buy rating to a hold rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. restated a buy rating and issued a $50.00 price objective (up from $49.00) on shares of Keysight Technologies in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $46.60.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a negative return on equity of 3.29% and a negative net margin of 2.16%. Keysight Technologies’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share.

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In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jay Alexander sold 11,663 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $38.50, for a total value of $449,025.50. Following the transaction, the senior vice president now directly owns 48,407 shares in the company, valued at approximately $1,863,669.50. The disclosure for this sale can be found here. Insiders have sold 425,835 shares of company stock worth $16,381,392 in the last three months. 1.23% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oak Associates Ltd. OH boosted its stake in Keysight Technologies by 8.7% during the second quarter. Oak Associates Ltd. OH now owns 289,870 shares of the scientific and technical instruments company’s stock worth $11,285,000 after buying an additional 23,230 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Keysight Technologies by 80.4% during the second quarter. WINTON GROUP Ltd now owns 122,833 shares of the scientific and technical instruments company’s stock worth $4,782,000 after buying an additional 54,738 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Keysight Technologies by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 424,633 shares of the scientific and technical instruments company’s stock worth $16,531,000 after buying an additional 1,762 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Keysight Technologies by 2.5% during the second quarter. Ameritas Investment Partners Inc. now owns 55,272 shares of the scientific and technical instruments company’s stock worth $2,152,000 after buying an additional 1,354 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Keysight Technologies during the second quarter worth $207,000. 88.06% of the stock is currently owned by 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.

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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