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

StockNews.com cut shares of Keysight Technologies (NYSE:KEYS) from a buy rating to a hold rating in a research report released on Saturday.

A number of other research firms also recently issued reports on KEYS. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Bank of America increased their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday. Robert W. Baird increased their price target on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna reissued a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $170.28 on Friday. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $171.05. The company has a quick ratio of 1.52, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $156.56 and its two-hundred day moving average is $146.41. The company has a market capitalization of $29.55 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98.

Institutional Investors Weigh In On Keysight Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies in the second quarter valued at about $27,000. Truvestments Capital LLC acquired a new stake in shares of Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH purchased a new stake in Keysight Technologies in the third quarter valued at approximately $29,000. Family Firm Inc. acquired a new position in Keysight Technologies in the 2nd quarter worth approximately $30,000. Finally, American National Bank & Trust purchased a new position in Keysight Technologies during the 3rd quarter worth approximately $31,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

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.