Engineers Gate Manager LP Reduces Position in Keysight Technologies Inc. $KEYS

Key Points

• Engineers Gate Manager LP cut its Keysight Technologies position by 61.4% in the second quarter, selling 15,893 shares and retaining 10,011 shares valued at approximately $3.5 million. Institutional investors still own 84.58% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $392.83. Several firms recently raised their price targets, including Susquehanna to $440 and Robert W. Baird to $410.
• Keysight reported quarterly earnings of $3.07 per share, exceeding the $2.48 consensus estimate, while revenue rose 36.5% year over year to $1.85 billion. Company insiders sold 9,507 shares worth about $3.1 million during the last quarter.

Engineers Gate Manager LP trimmed its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 61.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,011 shares of the scientific and technical instruments company's stock after selling 15,893 shares during the period. Engineers Gate Manager LP's holdings in Keysight Technologies were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in Keysight Technologies by 15.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 222 shares of the scientific and technical instruments company's stock valued at $63,000 after purchasing an additional 29 shares during the last quarter. Kera Capital Partners Inc. raised its stake in shares of Keysight Technologies by 0.9% in the first quarter. Kera Capital Partners Inc. now owns 3,276 shares of the scientific and technical instruments company's stock worth $925,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company's stock worth $32,000 after purchasing an additional 30 shares during the period. KCM Investment Advisors LLC lifted its holdings in shares of Keysight Technologies by 1.3% during the first quarter. KCM Investment Advisors LLC now owns 2,333 shares of the scientific and technical instruments company's stock worth $659,000 after purchasing an additional 30 shares during the period. Finally, WPG Advisers LLC boosted its position in Keysight Technologies by 16.5% in the first quarter. WPG Advisers LLC now owns 219 shares of the scientific and technical instruments company's stock valued at $62,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KEYS shares. Weiss Ratings raised shares of Keysight Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 20th. Susquehanna increased their price objective on shares of Keysight Technologies from $425.00 to $440.00 and gave the stock a "positive" rating in a research note on Wednesday, August 19th. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Truist Financial upped their price target on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a "hold" rating in a report on Wednesday, August 19th. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $385.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $392.83.

Insider Activity

In related news, Director Jean Mcclung Nye sold 3,000 shares of Keysight Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $319.22, for a total value of $957,660.00. Following the sale, the director owned 35,752 shares of the company's stock, valued at approximately $11,412,753.44. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ingrid Estrada sold 2,000 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $326.10, for a total transaction of $652,200.00. Following the completion of the sale, the senior vice president directly owned 101,861 shares of the company's stock, valued at approximately $33,216,872.10. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,507 shares of company stock worth $3,104,109 in the last quarter. Corporate insiders own 0.40% of the company's stock.

Keysight Technologies Trading Up 0.1%

KEYS stock opened at $339.02 on Monday. Keysight Technologies Inc. has a 52-week low of $158.79 and a 52-week high of $374.96. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The firm has a market cap of $57.71 billion, a P/E ratio of 46.57, a PEG ratio of 1.69 and a beta of 1.21. The company's 50-day simple moving average is $325.96 and its 200-day simple moving average is $325.56.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.59. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.75 billion. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%.Keysight Technologies's revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. 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 10.33 EPS for the current fiscal year.

About Keysight Technologies

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for engineers, manufacturers and service providers. Its products and services help customers design, validate, manufacture and optimize electronic and communications systems across the product life cycle.

The company offers electronic measurement instruments, software and related services for applications including radio-frequency and microwave testing, wireless communications, high-speed digital systems, semiconductor development and power electronics.

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