Keysight Technologies (NYSE:KEYS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a hold rating in a report issued on Thursday morning.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Barclays upped their target price on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Robert W. Baird raised their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $161.30 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $175.39. The firm has a market cap of $27.93 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The firm’s fifty day moving average is $164.31 and its 200-day moving average is $152.18.

Insider Buying and Selling at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the transaction, the chief executive officer now directly owns 116,582 shares in the company, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kailash Narayanan sold 595 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total transaction of $101,923.50. Following the sale, the senior vice president now owns 35,912 shares of the company’s stock, valued at $6,151,725.60. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,063 shares of company stock valued at $5,573,941. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the last quarter. Swedbank AB grew its holdings in Keysight Technologies by 7.1% during the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after buying an additional 292,372 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in Keysight Technologies by 59.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after buying an additional 254,985 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Keysight Technologies by 506.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company’s stock valued at $41,148,000 after acquiring an additional 251,274 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after acquiring an additional 216,564 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.