Keysight Technologies Inc. $KEYS Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Keysight Technologies by 20.8%, owning a total of 47,957 shares worth $7,183,000 after selling 12,585 shares in the first quarter.
• Keysight Technologies reported $1.72 earnings per share for the latest quarter, surpassing estimates, and had a revenue of $1.35 billion, which is an 11.1% increase year-over-year.
• A number of analysts have given Keysight Technologies a consensus rating of "Moderate Buy" with an average price target of $187.38, reflecting positive market sentiment towards the company's performance.

Rafferty Asset Management LLC trimmed its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,957 shares of the scientific and technical instruments company's stock after selling 12,585 shares during the period. Rafferty Asset Management LLC's holdings in Keysight Technologies were worth $7,183,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Praxis Investment Management Inc. lifted its stake in Keysight Technologies by 45.8% during the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock worth $954,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 2,948 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Keysight Technologies by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock valued at $7,828,000 after purchasing an additional 1,635 shares during the period. Foyston Gordon & Payne Inc grew its holdings 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. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Keysight Technologies by 19.8% in the first 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 purchasing an additional 2,106 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KEYS shares. Barclays reduced their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley boosted their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Bank of America upped their price target on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $187.38.

Keysight Technologies Stock Up 0.6%

Shares of NYSE KEYS opened at $165.32 on Thursday. The business has a 50-day moving average of $163.55 and a two-hundred day moving average of $158.01. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.05. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company 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. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In related news, 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 value of $1,589,700.00. Following the completion of the sale, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,241 shares of company stock worth $4,866,631 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

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.

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