Hahn Capital Management LLC Decreases Stake in Keysight Technologies Inc. $KEYS

Key Points

• Hahn Capital Management LLC reduced its ownership in Keysight Technologies by 10.9% during the first quarter, now holding 53,955 shares worth about $8.08 million.
• Keysight Technologies reported $1.72 EPS for the last quarter, which surpassed estimates, with revenue also increasing 11.1% year-over-year.
• Analysts have varied price targets for Keysight, with a consensus rating of "Moderate Buy" and an average price target of $187.38.

Hahn Capital Management LLC lessened its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,955 shares of the scientific and technical instruments company's stock after selling 6,596 shares during the quarter. Keysight Technologies accounts for about 3.9% of Hahn Capital Management LLC's holdings, making the stock its 14th biggest holding. Hahn Capital Management LLC's holdings in Keysight Technologies were worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock valued at $2,814,195,000 after purchasing an additional 2,675,148 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Keysight Technologies by 1,224.5% in the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock valued at $298,324,000 after purchasing an additional 1,841,494 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Keysight Technologies by 343.6% in the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock valued at $161,946,000 after purchasing an additional 780,893 shares during the period. GAMMA Investing LLC boosted its stake in shares of Keysight Technologies by 36,268.6% in the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after purchasing an additional 748,583 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of Keysight Technologies by 49.4% in the first quarter. ANTIPODES PARTNERS Ltd now owns 935,490 shares of the scientific and technical instruments company's stock valued at $140,120,000 after purchasing an additional 309,345 shares during the period. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on KEYS shares. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. 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. Barclays decreased 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. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $187.38.

Insider Buying and Selling at Keysight Technologies

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

Keysight Technologies Stock Up 0.7%

KEYS stock traded up $1.13 during midday trading on Monday, reaching $171.67. 598,498 shares of the company were exchanged, compared to its average volume of 984,851. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20. The stock's 50-day simple moving average is $164.74 and its 200 day simple moving average is $156.98. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16.

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

Keysight Technologies 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.