First Hawaiian Bank Sells 4,917 Shares of Keysight Technologies Inc. $KEYS

Key Points

• First Hawaiian Bank reduced its holdings in Keysight Technologies by 43.8%, selling 4,917 shares, bringing its ownership to a total of 6,304 shares valued at approximately $944,000.
• A variety of institutional investors increased their stakes in Keysight Technologies, with Praxis Investment Management boosting its position by 45.8%, now holding 6,371 shares worth $954,000.
• Keysight Technologies reported earnings of $1.72 per share for the quarter, exceeding estimates, with revenue reaching $1.35 billion, significantly up from the previous year.

First Hawaiian Bank lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 43.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,304 shares of the scientific and technical instruments company's stock after selling 4,917 shares during the period. First Hawaiian Bank's holdings in Keysight Technologies were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Praxis Investment Management Inc. increased its position in Keysight Technologies by 45.8% during the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock worth $954,000 after buying an additional 2,000 shares during the period. Foyston Gordon & Payne Inc increased its position in Keysight Technologies by 11.5% during the 1st quarter. Foyston Gordon & Payne Inc now owns 59,851 shares of the scientific and technical instruments company's stock worth $8,964,000 after buying an additional 6,186 shares during the period. GAMMA Investing LLC increased its position in Keysight Technologies by 142.8% during the 1st quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock worth $751,000 after buying an additional 2,948 shares during the period. Allspring Global Investments Holdings LLC increased its position in Keysight Technologies by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock worth $7,828,000 after buying an additional 1,635 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Keysight Technologies by 19.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock worth $1,906,000 after buying an additional 2,106 shares during the period. Institutional investors own 84.58% of the company's stock.

Insider Activity

In related news, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Neil Dougherty sold 12,215 shares of the firm'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 directly owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on KEYS shares. Barclays lowered their price objective on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Bank of America increased their target price on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen raised Keysight Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. increased their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $187.38.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $170.56 on Friday. The stock's 50-day simple moving average is $164.74 and its 200 day simple moving average is $156.99. The firm has a market capitalization of $29.31 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. Keysight Technologies Inc. has a twelve month low of $121.43 and a twelve month high of $186.20.

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 for the quarter, beating the consensus estimate of $1.67 by $0.05. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.Keysight Technologies's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm 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. On average, analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal 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.

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