StockNews.com Downgrades Keysight Technologies (NYSE:KEYS) to Hold

Keysight Technologies (NYSE:KEYS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other brokerages have also recently commented on KEYS. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird increased their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Susquehanna restated a “positive” rating and issued a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday, November 20th. Finally, Bank of America increased their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Stock Down 0.8 %

Shares of NYSE:KEYS traded down $1.35 on Thursday, hitting $164.78. 665,013 shares of the company’s stock were exchanged, compared to its average volume of 733,303. 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 1-year low of $119.72 and a 1-year high of $175.39. The company has a market capitalization of $28.54 billion, a PE ratio of 47.08, a P/E/G ratio of 2.12 and a beta of 1.02. The firm’s 50-day moving average is $163.80 and its 200 day moving average is $151.82.

Insiders Place Their Bets

In related news, VP Lisa M. Poole sold 350 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the completion of the sale, the vice president now directly owns 4,820 shares of the company’s stock, valued at approximately $828,027.80. This represents a 6.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock valued at $5,573,941 over the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

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