Amundi Decreases Stake in Keysight Technologies Inc. $KEYS

Key Points

• Amundi has sold 268,187 shares of Keysight Technologies, reducing its holdings by 8.2% in the first quarter, now owning approximately $449,375,000 worth of shares.
• Keysight Technologies reported a quarterly earnings per share (EPS) of $1.72, exceeding the consensus estimate of $1.67, with revenue reaching $1.35 billion for the period.
• Analysts have recently upgraded their price targets for Keysight, with JPMorgan Chase & Co. setting a new target of $200.00 and the consensus rating now reflecting a "Moderate Buy."

Amundi lessened its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,000,435 shares of the scientific and technical instruments company's stock after selling 268,187 shares during the quarter. Amundi owned approximately 1.74% of Keysight Technologies worth $449,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Keysight Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company's stock worth $3,140,604,000 after buying an additional 95,876 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Keysight Technologies by 16.6% during the 1st 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 buying an additional 2,675,148 shares during the last quarter. Boston Partners raised its stake in shares of Keysight Technologies by 7.7% during the 1st quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company's stock worth $636,854,000 after buying an additional 305,143 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Keysight Technologies by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company's stock worth $496,892,000 after buying an additional 33,818 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Keysight Technologies by 9.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock worth $416,612,000 after buying an additional 214,015 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Trading Up 0.7%

Shares of NYSE KEYS traded up $1.16 on Friday, reaching $168.11. 957,194 shares of the company traded hands, compared to its average volume of 1,040,006. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20. The company has a 50 day moving average of $163.92 and a 200 day moving average of $157.09. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $28.89 billion, a PE ratio of 53.54, a P/E/G ratio of 2.35 and a beta of 1.16.

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 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $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, equities research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KEYS. Bank of America lifted their price target on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. Morgan Stanley boosted their target price 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. Finally, Barclays cut their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.38.

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.