Congress Asset Management Co. Sells 3,642 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Congress Asset Management Co. reduced its holdings in Keysight Technologies by 56.5%, selling 3,642 shares and now owning 2,803 shares valued at $459,000.
• Insider trading activity includes CFO Neil Dougherty selling 12,215 shares for $2,010,589, representing a 9.58% decrease in his position.
• Keysight Technologies reported a quarterly earnings per share (EPS) of $1.72, exceeding estimates and reflects a year-over-year revenue increase of 11.1%.

Congress Asset Management Co. cut its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 56.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,803 shares of the scientific and technical instruments company's stock after selling 3,642 shares during the period. Congress Asset Management Co.'s holdings in Keysight Technologies were worth $459,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division increased its holdings in shares of 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 buying an additional 90 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Keysight Technologies during the 1st quarter worth about $28,000. Manchester Capital Management LLC boosted its stake in shares of Keysight Technologies by 85.0% during 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 during the period. Zions Bancorporation National Association UT purchased a new position in shares of Keysight Technologies during the 1st quarter worth about $36,000. Finally, Private Trust Co. NA boosted its stake in shares of Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 75 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer owned 115,228 shares in the company, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president owned 106,590 shares of the company's stock, valued at approximately $18,544,528.20. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,357 shares of company stock valued at $2,383,195. Company insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $173.28 on Friday. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20. The firm has a 50-day moving average of $167.11 and a two-hundred day moving average of $158.38.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released 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 the consensus estimate of $1.67 by $0.05. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company 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. On average, research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Barclays dropped 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 note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target 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. Finally, Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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