Keysight Technologies Inc. $KEYS Stake Cut by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in Keysight Technologies by 5.6% during the first quarter, owning 272,947 shares worth approximately $40.9 million.
• Keysight Technologies reported $1.72 earnings per share for the last quarter, exceeding analysts' expectations and showing an 11.1% revenue increase compared to the previous year.
• Bank of America and Morgan Stanley have adjusted their target prices for Keysight Technologies to $179.00 and $180.00 respectively, with the overall consensus rating remaining a "Moderate Buy."

Alyeska Investment Group L.P. cut its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,947 shares of the scientific and technical instruments company's stock after selling 16,097 shares during the quarter. Alyeska Investment Group L.P. owned 0.16% of Keysight Technologies worth $40,879,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Keysight Technologies by 0.5% in the first quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company's stock worth $3,140,604,000 after buying an additional 95,876 shares during the period. Price T Rowe Associates Inc. MD increased its position in Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock worth $2,814,195,000 after buying an additional 2,675,148 shares during the period. Boston Partners increased its position in Keysight Technologies by 7.7% in the first quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company's stock worth $636,854,000 after buying an additional 305,143 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Keysight Technologies by 1.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company's stock worth $496,892,000 after buying an additional 33,818 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Keysight Technologies by 9.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock worth $416,612,000 after buying an additional 214,015 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of KEYS opened at $165.38 on Thursday. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 52.67, a price-to-earnings-growth ratio of 2.29 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. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. The stock's fifty day moving average is $163.81 and its 200-day moving average is $157.51.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.05. The firm 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%.Keysight Technologies's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Equities analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Transactions at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the transaction, the chief financial officer owned 115,228 shares of the company's stock, valued at $18,966,528.80. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KEYS shares. Bank of America increased their target price on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Barclays dropped their target price on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased their target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.38.

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.

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