Allstate Corp Has $1.09 Million Holdings in Keysight Technologies Inc. $KEYS

Key Points

• Allstate Corp increased its position in Keysight Technologies by 43.9%, acquiring 2,224 additional shares, bringing its total holdings to 7,288 shares valued at approximately $1.09 million.
• CEO Satish Dhanasekaran and CFO Neil Dougherty both sold shares recently, resulting in a decrease in their ownership stakes in the company.
• Keysight Technologies reported positive earnings results, with an EPS of $1.72, exceeding estimates, and a year-over-year revenue growth of 11.1%.

Allstate Corp raised its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 43.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,288 shares of the scientific and technical instruments company's stock after buying an additional 2,224 shares during the quarter. Allstate Corp's holdings in Keysight Technologies were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KEYS. Central Pacific Bank Trust Division lifted its stake in 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 buying an additional 90 shares during the last quarter. Accent Capital Management LLC bought a new stake in Keysight Technologies in the first quarter valued at $28,000. Manchester Capital Management LLC lifted its stake 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 buying an additional 108 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Keysight Technologies during the first quarter valued at $36,000. Finally, Private Trust Co. NA increased its holdings 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 during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 658 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the completion of the sale, the senior vice president owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,241 shares of company stock worth $4,866,631. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley raised their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Bank of America lifted their target price on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Barclays lowered their target price on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a 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 company. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.38.

Keysight Technologies Stock Down 0.4%

Keysight Technologies stock traded down $0.71 during trading hours on Tuesday, hitting $164.61. The company had a trading volume of 1,296,648 shares, compared to its average volume of 1,030,066. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20. The firm's fifty day moving average is $163.45 and its 200-day moving average is $157.96. The firm has a market capitalization of $28.33 billion, a P/E ratio of 52.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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.