Hancock Whitney Corp Sells 4,769 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Hancock Whitney Corp reduced its stake in Keysight Technologies by 58.6%, selling 4,769 shares and holding 3,368 shares valued at $504,000 at the end of the recent quarter.
• Multiple institutional investors have increased their stakes in Keysight, with Praxis Investment Management leading the way with a 45.8% increase during the first quarter.
• Analysts are optimistic about Keysight Technologies, with seven rating the stock as a Buy and a consensus target price of $187.38, reflecting strong growth prospects.

Hancock Whitney Corp reduced its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 58.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,368 shares of the scientific and technical instruments company's stock after selling 4,769 shares during the period. Hancock Whitney Corp's holdings in Keysight Technologies were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division increased its stake in shares of Keysight Technologies by 97.8% during 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 purchasing an additional 90 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth about $28,000. Manchester Capital Management LLC increased 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 last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Keysight Technologies during the 1st quarter worth about $36,000. Finally, WPG Advisers LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth about $39,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KEYS shares. Wall Street Zen upgraded shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. Bank of America lifted their target price on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Barclays reduced their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Morgan Stanley lifted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.38.

Insider Activity at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the firm'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 owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $2,010,589.00. Following the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded down $0.17 on Tuesday, reaching $169.12. 739,577 shares of the stock were exchanged, compared to its average volume of 1,058,461. The firm's 50 day moving average is $164.12 and its 200-day moving average is $156.93. The firm has a market cap of $29.06 billion, a PE ratio of 53.86, a P/E/G ratio of 2.37 and a beta of 1.16. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. 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 (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.67 by $0.05. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, 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.