Andra AP fonden Trims Position in Keysight Technologies Inc. $KEYS

Key Points

• Andra AP fonden cut its Keysight Technologies stake by 47.4% in the second quarter, selling 10,360 shares and retaining 11,482 shares valued at approximately $4.02 million. Despite the reduction, institutional investors collectively own 84.58% of KEYS.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $392.83. Several firms recently raised their targets, including Susquehanna to $440 and Wells Fargo to $405.
• Keysight reported quarterly EPS of $3.07, beating estimates of $2.48, while revenue rose 36.5% year over year to $1.85 billion. The stock opened at $353.07, near its 52-week high of $374.96, although company insiders sold 11,000 shares worth about $3.6 million over the last quarter.

Andra AP fonden trimmed its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 47.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,482 shares of the scientific and technical instruments company's stock after selling 10,360 shares during the period. Andra AP fonden's holdings in Keysight Technologies were worth $4,020,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KEYS. BlackRock Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at about $7,030,806,000. State Street Corp raised its position in shares of Keysight Technologies by 3.4% during the second quarter. State Street Corp now owns 8,270,708 shares of the scientific and technical instruments company's stock valued at $2,895,327,000 after buying an additional 273,042 shares during the last quarter. Capital World Investors raised its position in shares of Keysight Technologies by 6.5% during the fourth quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company's stock valued at $800,732,000 after buying an additional 240,058 shares during the last quarter. Amundi lifted its holdings in shares of Keysight Technologies by 12.1% in the first quarter. Amundi now owns 2,224,264 shares of the scientific and technical instruments company's stock worth $628,065,000 after buying an additional 240,167 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Keysight Technologies in the fourth quarter worth $435,542,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KEYS. Citigroup reaffirmed a "buy" rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. Susquehanna boosted their price target on shares of Keysight Technologies from $425.00 to $440.00 and gave the stock a "positive" rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Keysight Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 20th. Truist Financial raised their price objective on Keysight Technologies from $376.00 to $400.00 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company lifted their target price on Keysight Technologies from $390.00 to $405.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $392.83.

Insider Buying and Selling

In other news, CFO Neil Dougherty sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $340.79, for a total value of $681,580.00. Following the completion of the sale, the chief financial officer directly owned 123,390 shares of the company's stock, valued at $42,050,078.10. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jean Mcclung Nye sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $319.22, for a total value of $957,660.00. Following the completion of the sale, the director directly owned 35,752 shares of the company's stock, valued at $11,412,753.44. The trade was a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,000 shares of company stock worth $3,602,500. Corporate insiders own 0.40% of the company's stock.

Keysight Technologies Price Performance

KEYS stock opened at $353.07 on Thursday. Keysight Technologies Inc. has a 52 week low of $158.79 and a 52 week high of $374.96. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $327.98 and a two-hundred day simple moving average of $327.28. The firm has a market capitalization of $60.11 billion, a P/E ratio of 48.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.21.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.59. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.75 billion. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The business's revenue was up 36.5% on a year-over-year basis. During the same period last year, the company posted $1.72 EPS. Keysight Technologies has set its Q4 2026 guidance at 3.340-3.400 EPS and its FY 2026 guidance at 11.460-11.460 EPS. Analysts anticipate that Keysight Technologies Inc. will post 10.33 earnings per share for the current fiscal year.

Keysight Technologies Company Profile

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for engineers, manufacturers and service providers. Its products and services help customers design, validate, manufacture and optimize electronic and communications systems across the product life cycle.

The company offers electronic measurement instruments, software and related services for applications including radio-frequency and microwave testing, wireless communications, high-speed digital systems, semiconductor development and power electronics.

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