Keysight Technologies Inc. $KEYS Shares Sold by Concentric Capital Strategies LP

Key Points

• Concentric Capital Strategies LP significantly reduced its stake in Keysight Technologies Inc., selling 65,046 shares and now holding 10,737 shares worth approximately $1.608 million.
• Institutional investors hold 84.58% of Keysight Technologies' stock, with multiple firms increasing their stakes, including Central Pacific Bank Trust Division which raised its holdings by 97.8%.
• Wall Street analysts show bullish sentiment towards Keysight Technologies, with price targets increasing from <$strong>175.00 to $200.00 and a consensus rating of "Moderate Buy".

Concentric Capital Strategies LP cut its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 85.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,737 shares of the scientific and technical instruments company's stock after selling 65,046 shares during the period. Concentric Capital Strategies LP's holdings in Keysight Technologies were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its stake in Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $28,000. Manchester Capital Management LLC boosted its stake in Keysight Technologies by 85.0% in the 1st quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 108 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $36,000. Finally, WPG Advisers LLC acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $39,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. The trade was a 9.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KEYS shares. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley raised their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Bank of America raised their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Barclays reduced their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $187.38.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded up $1.16 during trading on Friday, hitting $168.11. 957,194 shares of the stock traded hands, compared to its average volume of 1,040,006. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. The company has a market cap of $28.89 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 2.35 and a beta of 1.16. The company has a fifty day moving average price of $163.92 and a two-hundred day moving average price of $157.09. Keysight Technologies Inc. has a 52-week low of $121.43 and a 52-week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. 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, equities analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

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.