Keysight Technologies Inc (KEYS) Upgraded by Zacks Investment Research to Buy

Keysight Technologies Inc (KEYS) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Keysight Technologies Inc (NASDAQ:KEYS) from a hold rating to a buy rating in a report issued on Thursday morning. They currently have $41.00 price objective on the stock.

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. “

Several other equities analysts have also commented on KEYS. TheStreet upgraded shares of Keysight Technologies from a hold rating to a buy rating in a report on Monday, October 17th. Deutsche Bank AG set a $40.00 price objective on shares of Keysight Technologies and gave the stock a buy rating in a report on Wednesday, January 11th.

Keysight Technologies (NASDAQ:KEYS) traded down 0.89% during trading on Thursday, reaching $36.91. 229,579 shares of the company’s stock traded hands. The company has a 50 day moving average price of $36.52 and a 200-day moving average price of $32.75. The company has a market cap of $6.33 billion and a PE ratio of 18.93. 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 quarterly earnings data on Thursday, November 17th. The company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The company earned $751 million during the quarter, compared to analyst estimates of $736.94 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Keysight Technologies will post $2.47 EPS for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Keysight Technologies during the fourth quarter worth about $5,562,000. Garde Capital Inc. acquired a new stake in Keysight Technologies during the third quarter worth about $207,000. Ameritas Investment Partners Inc. raised its stake in 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 Keysight Technologies during the third quarter worth about $102,000. Finally, 1832 Asset Management L.P. raised its stake in 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.

Keysight Technologies Company Profile

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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