Allstate Corp Purchases 5,832 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Allstate Corp nearly doubled its stake in Keysight Technologies in the fourth quarter, buying 5,832 additional shares and bringing its total holding to 11,998 shares worth about $2.44 million.
• Institutional ownership remains very high, with major firms like Vanguard, Boston Partners, and Capital World Investors also increasing their positions; overall, 84.58% of Keysight shares are held by institutions.
• Keysight reported strong quarterly results, topping analyst expectations with $2.87 EPS and $1.72 billion in revenue, while analysts maintain a Moderate Buy consensus and a target price around $371.92.

Allstate Corp increased its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,998 shares of the scientific and technical instruments company's stock after buying an additional 5,832 shares during the period. Allstate Corp's holdings in Keysight Technologies were worth $2,438,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Keysight Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,525,694 shares of the scientific and technical instruments company's stock worth $4,373,806,000 after buying an additional 101,856 shares during the period. Boston Partners boosted its holdings in shares of Keysight Technologies by 3.4% during the 3rd quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company's stock worth $851,525,000 after buying an additional 160,728 shares during the period. Capital World Investors boosted its holdings in shares of Keysight Technologies by 1.6% during the 3rd quarter. Capital World Investors now owns 3,700,709 shares of the scientific and technical instruments company's stock worth $647,328,000 after buying an additional 58,039 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Keysight Technologies by 8.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,021,463 shares of the scientific and technical instruments company's stock worth $528,514,000 after buying an additional 237,563 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Keysight Technologies by 1.7% during the 3rd quarter. Northern Trust Corp now owns 2,076,126 shares of the scientific and technical instruments company's stock worth $363,156,000 after buying an additional 34,098 shares during the period. 84.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KEYS shares. Robert W. Baird upped their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the company an "outperform" rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Keysight Technologies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 29th. Bank of America upgraded shares of Keysight Technologies from a "neutral" rating to a "buy" rating and set a $340.00 target price for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Finally, Truist Financial upped their target price on shares of Keysight Technologies from $310.00 to $376.00 and gave the company a "hold" rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $371.92.

Keysight Technologies Trading Down 2.5%

Shares of KEYS stock opened at $339.08 on Friday. Keysight Technologies Inc. has a 52-week low of $152.85 and a 52-week high of $370.17. The stock has a market cap of $58.15 billion, a price-to-earnings ratio of 55.77, a P/E/G ratio of 2.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The firm has a fifty day moving average of $326.52 and a 200-day moving average of $259.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.55. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. Keysight Technologies had a net margin of 17.25% and a return on equity of 21.58%. The business's revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS. Keysight Technologies has set its Q3 2026 guidance at 2.430-2.490 EPS. On average, equities research analysts forecast that Keysight Technologies Inc. will post 8.26 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Satish Dhanasekaran sold 1,667 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total transaction of $500,100.00. Following the completion of the sale, the chief executive officer owned 122,398 shares in the company, valued at $36,719,400. This trade represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald S. Nersesian sold 30,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $285.96, for a total transaction of $8,578,800.00. Following the sale, the director owned 163,377 shares of the company's stock, valued at $46,719,286.92. This trade represents a 15.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,334 shares of company stock worth $10,753,450. Company insiders own 0.40% of the company's stock.

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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