Keysight Technologies Inc. $KEYS Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its Keysight stake by purchasing 91.96 million shares in the second quarter, bringing its ownership to 92.23 million shares, or approximately 53.97% of the company.
• Analysts remain broadly positive on KEYS, with a “Moderate Buy” consensus rating and an average price target of $392.83. Several firms recently raised their targets, including Susquehanna to $440 and JPMorgan to $425.
• Keysight reported stronger-than-expected quarterly results, with EPS of $3.07 versus the $2.48 estimate and revenue of $1.85 billion, up 36.5% year over year. Shares opened at $326.79, while recent insider activity showed net selling.

California State Teachers Retirement System grew its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 34,044.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,234,343 shares of the scientific and technical instruments company's stock after purchasing an additional 91,964,216 shares during the quarter. California State Teachers Retirement System owned approximately 53.97% of Keysight Technologies worth $32,288,476,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KEYS shares. Truist Financial lifted their price target on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a "hold" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $400.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Wells Fargo & Company upped their price target on Keysight Technologies from $390.00 to $405.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Finally, Susquehanna increased their price target on Keysight Technologies from $425.00 to $440.00 and gave the stock a "positive" rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $392.83.

Keysight Technologies Stock Down 0.1%

Shares of NYSE KEYS opened at $326.79 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. The company has a 50-day moving average price of $325.69 and a 200-day moving average price of $323.02. The stock has a market capitalization of $55.63 billion, a P/E ratio of 44.89, a P/E/G ratio of 1.63 and a beta of 1.21. Keysight Technologies Inc. has a 1 year low of $158.79 and a 1 year high of $374.96.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.59. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The firm's revenue was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts forecast that Keysight Technologies Inc. will post 10.33 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, Director Jean Mcclung Nye sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $319.22, for a total value of $957,660.00. Following the completion of the transaction, the director directly owned 35,752 shares of the company's stock, valued at $11,412,753.44. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 507 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the sale, the chief executive officer directly owned 121,391 shares of the company's stock, valued at $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,507 shares of company stock worth $2,451,909 in the last 90 days. Insiders own 0.40% of the company's stock.

Keysight Technologies Company Profile

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight's product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.

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