Wedge Capital Management L L P NC raised its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,131 shares of the scientific and technical instruments company’s stock after buying an additional 24,580 shares during the quarter. Keysight Technologies comprises about 1.3% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 11th biggest position. Wedge Capital Management L L P NC’s holdings in Keysight Technologies were worth $80,562,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Belpointe Asset Management LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter valued at $1,123,000. Oak Harvest Investment Services purchased a new stake in Keysight Technologies during the 4th quarter worth about $4,070,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Keysight Technologies by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,986 shares of the scientific and technical instruments company’s stock valued at $6,296,000 after purchasing an additional 5,375 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in Keysight Technologies in the 4th quarter valued at about $1,123,000. Finally, Comerica Bank lifted its holdings in Keysight Technologies by 57.2% in the 4th quarter. Comerica Bank now owns 52,506 shares of the scientific and technical instruments company’s stock valued at $10,669,000 after purchasing an additional 19,104 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Insider Buying and Selling
In other Keysight Technologies news, Director James Cullen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the transaction, the director owned 21,821 shares of the company’s stock, valued at $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total transaction of $681,740.00. Following the completion of the transaction, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. This trade represents a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,507 shares of company stock valued at $1,904,669. Insiders own 0.40% of the company’s stock.
Keysight Technologies Stock Up 2.6%
Keysight Technologies (NYSE:KEYS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.55. Keysight Technologies had a net margin of 17.25% and a return on equity of 21.58%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm posted $1.70 EPS. The company’s revenue was up 31.5% on a year-over-year basis. Keysight Technologies has set its Q3 2026 guidance at 2.430-2.490 EPS. On average, research analysts forecast that Keysight Technologies Inc. will post 9.03 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have issued reports on KEYS. Barclays raised their price target on shares of Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Zacks Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Truist Financial raised their target price on shares of Keysight Technologies from $310.00 to $376.00 and gave the stock a “hold” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.
Read Our Latest Stock Analysis on Keysight Technologies
Keysight Technologies Profile
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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