Keysight Technologies Inc. $KEYS Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC. reduced its stake in Keysight Technologies by 36.4% during the first quarter, selling 326,651 shares, and now owns 570,648 shares valued at approximately $85.47 million.
• Analysts have mixed views on Keysight Technologies, with Bank of America raising the price target from $175.00 to $179.00 while JPMorgan increased theirs from $177.00 to $200.00, highlighting an overall consensus rating of "Moderate Buy."
• Keysight Technologies reported a net profit margin of 10.36% and a return on equity of 19.53%, alongside an earnings per share of $1.72 for the last quarter, surpassing analysts' expectations.

First Manhattan CO. LLC. trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 570,648 shares of the scientific and technical instruments company's stock after selling 326,651 shares during the quarter. First Manhattan CO. LLC. owned 0.33% of Keysight Technologies worth $85,466,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KEYS. Integrated Wealth Concepts LLC raised its position in shares of Keysight Technologies by 5.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,459 shares of the scientific and technical instruments company's stock worth $395,000 after acquiring an additional 121 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $320,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Keysight Technologies by 867.4% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 32,901 shares of the scientific and technical instruments company's stock worth $5,285,000 after purchasing an additional 29,500 shares during the last quarter. AlTi Global Inc. raised its position in shares of Keysight Technologies by 1.4% during the 4th quarter. AlTi Global Inc. now owns 6,587 shares of the scientific and technical instruments company's stock worth $1,091,000 after purchasing an additional 93 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $46,429,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $1,589,700.00. Following the sale, the senior vice president directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the chief financial officer owned 115,228 shares in the company, valued at $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Keysight Technologies Trading Up 0.7%

Shares of NYSE:KEYS traded up $1.16 during mid-day trading on Friday, reaching $168.11. 957,194 shares of the company were exchanged, compared to its average volume of 1,040,006. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 2.34 and a beta of 1.16. The firm's 50-day simple moving average is $163.92 and its 200 day simple moving average is $157.28. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results 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. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the company posted $1.57 EPS. The firm's 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. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

About Keysight Technologies

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.