Ameriprise Financial Inc. Raises Position in Keysight Technologies Inc. $KEYS

Key Points

• Ameriprise Financial Inc. increased its stake in Keysight Technologies Inc. by 15.9% in the first quarter, now owning 275,141 shares worth approximately $41.2 million.
• Keysight Technologies reported quarterly earnings of $1.72 per share, exceeding analysts' estimates, with a year-over-year revenue increase of 11.1% to $1.35 billion.
• Multiple analysts have raised their price targets for Keysight Technologies, with JPMorgan Chase increasing its target from $177 to $200.

Ameriprise Financial Inc. increased its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,141 shares of the scientific and technical instruments company's stock after acquiring an additional 37,678 shares during the period. Ameriprise Financial Inc. owned approximately 0.16% of Keysight Technologies worth $41,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KEYS. Price T Rowe Associates Inc. MD increased its holdings in shares of Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock worth $2,814,195,000 after purchasing an additional 2,675,148 shares during the period. Victory Capital Management Inc. increased its stake in Keysight Technologies by 1,224.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock worth $298,324,000 after acquiring an additional 1,841,494 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Keysight Technologies by 343.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after acquiring an additional 780,893 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Keysight Technologies by 36,268.6% in the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock worth $112,424,000 after purchasing an additional 748,583 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of Keysight Technologies by 49.4% in the first quarter. ANTIPODES PARTNERS Ltd now owns 935,490 shares of the scientific and technical instruments company's stock worth $140,120,000 after purchasing an additional 309,345 shares during the last quarter. Institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on KEYS. Morgan Stanley upped their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays reduced 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. Finally, Bank of America increased their target price on Keysight Technologies from $175.00 to $179.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $187.38.

Keysight Technologies Trading Up 1.0%

Keysight Technologies stock traded up $1.59 during mid-day trading on Wednesday, reaching $165.38. 976,121 shares of the company traded hands, compared to its average volume of 998,982. 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's 50 day moving average price is $163.81 and its 200 day moving average price is $157.51. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 52.67, a P/E/G ratio of 2.29 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 issued its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.57 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. 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, analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the sale, the senior vice president 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. Insiders own 0.61% of the company's stock.

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.