Canada Pension Plan Investment Board Invests $21.65 Million in Keysight Technologies Inc. $KEYS

Key Points

• Canada Pension Plan Investment Board acquired 61,833 Keysight Technologies shares worth approximately $21.65 million during the second quarter. Institutional investors collectively own 84.58% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $392.83; UBS raised its target to $440, while Baird and Wells Fargo also increased theirs.
• Keysight reported stronger-than-expected quarterly results, posting $3.07 EPS versus the $2.48 consensus and $1.85 billion in revenue, up 36.5% year over year.

Canada Pension Plan Investment Board acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,833 shares of the scientific and technical instruments company's stock, valued at approximately $21,646,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Osterweis Capital Management Inc. bought a new position in Keysight Technologies during the 2nd quarter worth about $14,816,000. Nicholas Investment Partners LP bought a new stake in shares of Keysight Technologies in the second quarter valued at about $549,000. AFT Forsyth & Company Inc. bought a new stake in shares of Keysight Technologies in the second quarter valued at about $446,000. Legal & General Group Plc acquired a new position in shares of Keysight Technologies during the second quarter worth about $464,017,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Keysight Technologies during the second quarter worth about $30,414,000. 84.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $314.66, for a total value of $629,320.00. Following the sale, the senior vice president owned 103,861 shares in the company, valued at $32,680,902.26. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of the firm's stock in a transaction that occurred 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 directly owned 121,391 shares of the company's stock, valued at approximately $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,507 shares of company stock worth $3,491,649 in the last three months. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KEYS has been the subject of a number of research reports. Robert W. Baird increased their price objective on Keysight Technologies from $385.00 to $410.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Citigroup reaffirmed a "buy" rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $390.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Finally, UBS Group boosted their price objective on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $392.83.

Keysight Technologies Stock Performance

Shares of KEYS opened at $319.58 on Friday. The firm has a 50-day moving average of $329.16 and a 200-day moving average of $318.66. Keysight Technologies Inc. has a one year low of $158.79 and a one year high of $374.96. The company has a market cap of $54.62 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.59. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.75 billion. During the same period in the prior year, the firm earned $1.72 EPS. Keysight Technologies's quarterly revenue was up 36.5% compared to the same quarter last year. 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. As a group, equities analysts forecast that Keysight Technologies Inc. will post 10.03 earnings per share for the current year.

About Keysight Technologies

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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