Verdence Capital Advisors LLC purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,582 shares of the scientific and technical instruments company’s stock, valued at approximately $576,000.
Several other hedge funds have also recently modified their holdings of the stock. Railway Pension Investments Ltd purchased a new position in Keysight Technologies during the second quarter worth about $36,099,000. Allworth Financial LP acquired a new stake in Keysight Technologies in the second quarter valued at about $2,316,000. Findlay Park Partners LLP purchased a new stake in Keysight Technologies in the 2nd quarter valued at approximately $157,137,000. Envestnet Asset Management Inc. boosted its holdings in Keysight Technologies by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 382,082 shares of the scientific and technical instruments company’s stock valued at $133,755,000 after purchasing an additional 12,508 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Keysight Technologies in the 2nd quarter valued at approximately $11,917,000. 84.58% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, VP Lisa Poole sold 200 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $348.01, for a total value of $69,602.00. Following the completion of the transaction, the vice president owned 6,134 shares in the company, valued at $2,134,693.34. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satish Dhanasekaran sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $364.13, for a total value of $1,092,390.00. Following the completion of the transaction, the chief executive officer owned 118,391 shares of the company’s stock, valued at approximately $43,109,714.83. This represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,200 shares of company stock valued at $4,082,752 in the last three months. 0.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
KEYS has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Truist Financial lifted their price target on Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Zacks Research lowered Keysight Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Citigroup reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.42.
View Our Latest Research Report on KEYS
Keysight Technologies Price Performance
KEYS stock opened at $330.32 on Friday. The firm has a 50 day moving average of $341.07 and a 200-day moving average of $314.86. Keysight Technologies Inc. has a 12-month low of $167.23 and a 12-month high of $389.93. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The company has a market cap of $56.23 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.06 and a beta of 1.17.
Keysight Technologies (NYSE:KEYS – Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.59. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. The company’s revenue was up 36.5% compared to the same quarter last year. Keysight Technologies has set its Q4 2026 guidance at 3.340-3.400 EPS and its FY 2026 guidance at 11.460-11.460 EPS. As a group, equities analysts expect that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.
About Keysight Technologies
Keysight Technologies, Inc (NYSE: KEYS) provides electronic design and test solutions used to develop, validate, and optimize communications systems, electronic devices, and other technologies. Its customers include companies in the communications, aerospace and defense, automotive, semiconductor, electronics, energy, education, and government sectors.
The company’s product portfolio includes electronic test and measurement instruments, software, network test and visibility solutions, radio-frequency and microwave systems, oscilloscopes, signal analyzers, wireless and wireline test platforms, and cybersecurity testing tools.
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