Comerica Bank Sells 2,313 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Comerica Bank reduced its stake in Keysight Technologies by 6.0%, selling 2,313 shares, bringing its total holdings to 36,494 shares valued at approximately $5.5 million.
• Various institutional investors have significantly increased their positions in Keysight Technologies, with Praxis Investment Management raising its stake by 45.8% and GAMMA Investing boosting theirs by 142.8%.
• Analysts have mixed views on Keysight Technologies, with target price upgrades from Bank of America and JPMorgan Chase, while Barclays lowered its target price, indicating a consensus rating of "Moderate Buy."

Comerica Bank decreased its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,494 shares of the scientific and technical instruments company's stock after selling 2,313 shares during the period. Comerica Bank's holdings in Keysight Technologies were worth $5,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KEYS. Integrated Wealth Concepts LLC boosted its stake in shares of Keysight Technologies by 5.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,459 shares of the scientific and technical instruments company's stock worth $395,000 after acquiring an additional 121 shares during the period. Quarry LP boosted its stake in shares of Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after acquiring an additional 284 shares during the period. Northern Trust Corp boosted its stake in shares of Keysight Technologies by 11.9% in the fourth quarter. Northern Trust Corp now owns 2,044,862 shares of the scientific and technical instruments company's stock worth $328,466,000 after acquiring an additional 217,851 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Keysight Technologies by 2,748.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 54,749 shares of the scientific and technical instruments company's stock worth $8,794,000 after acquiring an additional 52,827 shares during the period. Finally, Utah Retirement Systems boosted its stake in shares of Keysight Technologies by 0.3% in the fourth quarter. Utah Retirement Systems now owns 28,913 shares of the scientific and technical instruments company's stock worth $4,644,000 after acquiring an additional 100 shares during the period. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.5%

KEYS stock traded down $0.87 during midday trading on Tuesday, reaching $162.57. 576,863 shares of the company traded hands, compared to its average volume of 986,385. Keysight Technologies Inc. has a 52-week low of $121.43 and a 52-week high of $186.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59. The business has a 50 day moving average of $163.81 and a 200-day moving average of $157.41. The firm has a market capitalization of $27.98 billion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 2.29 and a beta of 1.16.

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 return on equity of 19.53% and a net margin of 10.36%.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 prior year, the business posted $1.57 earnings per share. 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. As a group, sell-side analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the sale, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the sale, the senior vice president owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Barclays dropped their price target on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Bank of America increased their price target 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.