Keysight Technologies Inc. $KEYS Stock Position Boosted by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Keysight Technologies position by 53.2% in the third quarter, bringing its holdings to 38,272 shares valued at approximately $13.9 million. Institutional investors and hedge funds own 84.58% of the company.
• Keysight reported quarterly EPS of $3.07, beating estimates of $2.48, while revenue rose 36.5% year over year to $1.85 billion. The stock opened at $387.93, near its 12-month high of $389.93.
• Analysts maintain a generally favorable view, with a consensus “Moderate Buy” rating and an average price target of $401.42; several firms recently raised their targets. Insiders, however, sold 12,200 shares worth about $4.1 million over the past 90 days.

Congress Asset Management Co. lifted its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 53.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,272 shares of the scientific and technical instruments company's stock after acquiring an additional 13,289 shares during the period. Congress Asset Management Co.'s holdings in Keysight Technologies were worth $13,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new position in shares of Keysight Technologies in the second quarter worth about $28,000. IMG Wealth Management Inc. acquired a new position in Keysight Technologies during the second quarter worth about $29,000. Compass Financial Management LLC purchased a new stake in Keysight Technologies during the 2nd quarter valued at about $34,000. Virtus Advisers LLC acquired a new stake in shares of Keysight Technologies in the second quarter valued at approximately $35,000. Finally, Markowski Investments acquired a new stake in shares of Keysight Technologies in the 2nd quarter worth $38,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $387.93 on Wednesday. The business has a 50-day moving average of $337.44 and a 200 day moving average of $332.86. Keysight Technologies Inc. has a 12 month low of $158.79 and a 12 month high of $389.93. The stock has a market capitalization of $66.04 billion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) 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 business's revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. 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. As a group, sell-side analysts forecast that Keysight Technologies Inc. will post 10.33 earnings per share for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Ingrid Estrada sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $326.10, for a total value of $652,200.00. Following the completion of the transaction, the senior vice president owned 101,861 shares of the company's stock, valued at $33,216,872.10. This trade represents a 1.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Satish Dhanasekaran sold 3,000 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $364.13, for a total transaction of $1,092,390.00. Following the completion of the transaction, the chief executive officer owned 118,391 shares of the company's stock, valued at approximately $43,109,714.83. This trade represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,200 shares of company stock worth $4,082,752 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KEYS. Susquehanna raised their price target on shares of Keysight Technologies from $425.00 to $440.00 and gave the stock a "positive" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $400.00 to $425.00 and gave the company an "overweight" rating in a report 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. Truist Financial raised their target price on Keysight Technologies from $376.00 to $400.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Finally, Barclays lifted their target price on Keysight Technologies from $387.00 to $429.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $401.42.

Keysight Technologies Company Profile

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for communications, aerospace and defense, automotive, semiconductor, energy, and other industries. Its products and services help engineers design, validate, manufacture, and optimize electronic systems and communications networks.

The company offers test and measurement instruments, software, network test and visibility solutions, simulation and modeling tools, cybersecurity testing capabilities, and related technical services.

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