Baird Financial Group Inc. Boosts Position in Keysight Technologies Inc. $KEYS

Key Points

• Baird Financial Group increased its Keysight Technologies stake by 34.9% in the second quarter, purchasing 15,931 additional shares and bringing its holdings to 61,567 shares valued at $21.6 million. Institutional investors and hedge funds collectively own 84.58% of the company.
• Keysight reported strong quarterly results, with EPS of $3.07 versus the $2.48 consensus and revenue of $1.85 billion, up 36.5% year over year. The stock was trading at $339.02, up 4.1%.
• Analysts remain bullish, with multiple firms raising price targets to between $405 and $440. The stock has a “Moderate Buy” consensus rating and an average target price of $392.83.

Baird Financial Group Inc. lifted its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 34.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,567 shares of the scientific and technical instruments company's stock after buying an additional 15,931 shares during the period. Baird Financial Group Inc.'s holdings in Keysight Technologies were worth $21,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $28,000. IMG Wealth Management Inc. purchased a new stake in Keysight Technologies in the second quarter valued at approximately $29,000. Compass Financial Management LLC acquired a new stake in shares of Keysight Technologies in the second quarter valued at approximately $34,000. Virtus Advisers LLC acquired a new stake in shares of Keysight Technologies in the second quarter valued at approximately $35,000. Finally, Markowski Investments purchased a new position in shares of Keysight Technologies during the second quarter worth approximately $38,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 507 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the completion of the sale, the chief executive officer owned 121,391 shares of the company's stock, valued at $43,860,996.12. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the director owned 35,752 shares of the company's stock, valued at approximately $11,412,753.44. This trade represents a 7.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,507 shares of company stock worth $3,104,109 in the last 90 days. 0.40% of the stock is owned by company insiders.

Keysight Technologies Stock Up 4.1%

KEYS opened at $339.02 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 2.02. The company has a market cap of $57.71 billion, a price-to-earnings ratio of 46.57, a PEG ratio of 1.62 and a beta of 1.21. Keysight Technologies Inc. has a one year low of $158.79 and a one year high of $374.96. The business's fifty day moving average is $325.96 and its two-hundred day moving average is $324.99.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.59. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%.The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The business's revenue was up 36.5% on a year-over-year basis. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Keysight Technologies from $390.00 to $405.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Citigroup reaffirmed a "buy" rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. Barclays lifted their target price on Keysight Technologies from $387.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. UBS Group boosted their target price on Keysight Technologies from $420.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. upped their price target on Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $392.83.

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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