Keysight Technologies Inc. $KEYS Position Trimmed by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. sold 14,300 shares of Keysight Technologies, reducing its stake by 9.7% to 132,835 shares, valued at approximately $19.9 million.
• Several hedge funds have increased their positions in Keysight Technologies, with 84.58% of the stock owned by institutional investors, indicating strong institutional interest in the company.
• Keysight Technologies reported earnings of $1.72 per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 11.1%.

Adage Capital Partners GP L.L.C. reduced its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,835 shares of the scientific and technical instruments company's stock after selling 14,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of Keysight Technologies worth $19,895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division raised its stake in shares of Keysight Technologies by 97.8% during 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 purchasing an additional 90 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of Keysight Technologies during the first quarter valued at about $28,000. Manchester Capital Management LLC raised its stake in shares of Keysight Technologies by 85.0% during 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 purchasing an additional 108 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Keysight Technologies during the first quarter valued at about $36,000. Finally, Private Trust Co. NA raised its stake in shares of Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Trading Down 0.1%

NYSE KEYS traded down $0.17 on Tuesday, hitting $169.12. 739,577 shares of the company were exchanged, compared to its average volume of 987,471. The company's 50 day moving average price is $164.03 and its 200-day moving average price is $156.85. 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 firm has a market capitalization of $29.06 billion, a P/E ratio of 53.86, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16. Keysight Technologies Inc. has a twelve month low of $121.43 and a twelve month high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion for 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 for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the transaction, the chief financial officer owned 115,228 shares of the company's stock, valued at $18,966,528.80. The trade was a 9.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the transaction, the senior vice president directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KEYS shares. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Bank of America boosted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Barclays dropped their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $187.38.

Keysight Technologies Company Profile

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.