Keysight Technologies Inc. $KEYS Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its stake in Keysight Technologies by 340.1% during the first quarter, now holding 3,274 shares valued at approximately $490,000.
• Keysight Technologies reported a quarterly EPS of $1.72, surpassing analyst expectations and indicating an 11.1% revenue growth compared to the previous year.
• Analysts have set an average target price of $187.38 for Keysight Technologies, with many upgrading their ratings to "strong-buy."

Bayforest Capital Ltd grew its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 340.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,274 shares of the scientific and technical instruments company's stock after acquiring an additional 2,530 shares during the quarter. Bayforest Capital Ltd's holdings in Keysight Technologies were worth $490,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. grew its holdings in shares of Keysight Technologies by 45.8% during the first 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 in the last quarter. Foyston Gordon & Payne Inc grew its position in shares of Keysight Technologies by 11.5% in the first quarter. Foyston Gordon & Payne Inc now owns 59,851 shares of the scientific and technical instruments company's stock valued at $8,964,000 after purchasing an additional 6,186 shares in the last quarter. GAMMA Investing LLC lifted its position in Keysight Technologies by 142.8% during the first 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Keysight Technologies by 3.2% during the first 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Keysight Technologies by 19.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock valued at $1,906,000 after buying an additional 2,106 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Trading Down 0.1%

NYSE:KEYS opened at $169.12 on Wednesday. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20. The stock has a market cap of $29.06 billion, a P/E ratio of 53.86, a P/E/G ratio of 2.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59. The stock has a 50-day simple moving average of $164.12 and a 200-day simple moving average of $156.93.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly 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. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KEYS shares. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Barclays decreased their price target on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Morgan Stanley boosted their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Bank of America raised their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. 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 an average rating of "Moderate Buy" and a consensus target price of $187.38.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the transaction, the senior vice president owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. The trade was a 8.43% 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 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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.