Credit Agricole S A Has $2.88 Million Stake in Keysight Technologies Inc. $KEYS

Key Points

• Credit Agricole S A significantly reduced its holdings in Keysight Technologies Inc. by 70.1% in the first quarter, now owning 19,244 shares valued at approximately $2.88 million.
• Several institutional investors increased their stakes in Keysight, with Central Pacific Bank Trust Division boosting its position by 97.8% during the same period.
• The stock's consensus rating is a "Moderate Buy", with a current target price of $187.38 following recent upgrades from major banks.

Credit Agricole S A lowered its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 70.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,244 shares of the scientific and technical instruments company's stock after selling 45,150 shares during the quarter. Credit Agricole S A's holdings in Keysight Technologies were worth $2,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division raised its position in shares of Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 90 shares during the last quarter. Accent Capital Management LLC bought a new position in Keysight Technologies during the first quarter valued at about $28,000. Manchester Capital Management LLC raised its holdings 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 valued at $35,000 after acquiring an additional 108 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $36,000. Finally, Private Trust Co. NA grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insiders Place Their Bets

In related news, SVP John Page sold 7,368 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. This trade represents a 16.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction on 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 sale, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,241 shares of company stock valued at $4,866,631. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on KEYS. Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Bank of America boosted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Barclays lowered their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $187.38.

Keysight Technologies Price Performance

NYSE:KEYS traded up $0.93 on Wednesday, reaching $165.32. The stock had a trading volume of 771,543 shares, compared to its average volume of 991,043. 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 capitalization of $28.45 billion, a P/E ratio of 52.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20. The stock has a fifty day moving average price of $163.45 and a 200-day moving average price of $157.96.

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 (EPS) for the quarter, beating analysts' consensus estimates 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%. Keysight Technologies's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Keysight Technologies Company Profile

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.