Acadian Asset Management LLC Takes $1.30 Million Position in Keysight Technologies Inc. $KEYS

Key Points

• Acadian Asset Management LLC has acquired a new position in Keysight Technologies, purchasing 8,668 shares valued at approximately $1.3 million during the first quarter.
• Analysts have adjusted their ratings for Keysight Technologies, with JPMorgan Chase raising the price target from $177 to $200 and Wall Street Zen upgrading the stock to a "strong-buy" rating.
• Keysight Technologies reported $1.72 EPS for the last quarter, surpassing analyst expectations, with a revenue increase of 11.1% year-over-year.

Acadian Asset Management LLC purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,668 shares of the scientific and technical instruments company's stock, valued at approximately $1,297,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in shares of Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 90 shares during the period. Accent Capital Management LLC bought a new stake in Keysight Technologies in the first quarter valued at $28,000. Manchester Capital Management LLC grew its position in Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 108 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Keysight Technologies during the first quarter worth $36,000. Finally, WPG Advisers LLC bought a new stake in shares of Keysight Technologies during the first quarter worth $39,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total value of $347,960.00. Following the completion of the transaction, the senior vice president directly owned 106,590 shares in the company, valued at $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the transaction, the chief financial officer owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,357 shares of company stock valued at $2,383,195. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

KEYS has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Barclays cut their target price on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Bank of America raised their price target on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and an average target price of $187.38.

Keysight Technologies Stock Up 0.6%

KEYS stock traded up $1.15 during mid-day trading on Friday, reaching $178.36. The company had a trading volume of 2,324,472 shares, compared to its average volume of 924,305. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The stock has a 50 day simple moving average of $165.82 and a two-hundred day simple moving average of $157.62. The company has a market capitalization of $30.65 billion, a price-to-earnings ratio of 56.80, a PEG ratio of 2.48 and a beta of 1.16. Keysight Technologies Inc. has a 52 week low of $121.43 and a 52 week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The business's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. As a group, equities analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

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.