Mackenzie Financial Corp Has $172.80 Million Stock Holdings in Keysight Technologies Inc. $KEYS

Key Points

• Mackenzie Financial cut its stake in Keysight by 6.3% in Q3 to 987,903 shares worth $172.8 million, representing about 0.57% of the company.
• Keysight beat Q-quarter expectations with EPS of $2.17 vs. $2.00 and revenue of $1.60 billion (up 23.3% year-over-year), signaling continued strong growth.
• The board authorized a $1.5 billion share repurchase (up to ~4.9% of shares) while analysts have increased targets, leaving a consensus rating of “Moderate Buy” with an average price target of $295.36.

Mackenzie Financial Corp cut its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 987,903 shares of the scientific and technical instruments company's stock after selling 66,923 shares during the quarter. Mackenzie Financial Corp owned 0.57% of Keysight Technologies worth $172,804,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its stake in shares of Keysight Technologies by 3.7% in the 3rd quarter. Prospera Financial Services Inc now owns 1,889 shares of the scientific and technical instruments company's stock worth $330,000 after buying an additional 67 shares during the last quarter. BlackDiamond Wealth Management LLC raised its position in shares of Keysight Technologies by 3.9% in the second quarter. BlackDiamond Wealth Management LLC now owns 1,796 shares of the scientific and technical instruments company's stock valued at $295,000 after purchasing an additional 68 shares during the period. Advisors Capital Management LLC lifted its position in shares of Keysight Technologies by 3.5% during the third quarter. Advisors Capital Management LLC now owns 2,077 shares of the scientific and technical instruments company's stock worth $363,000 after acquiring an additional 71 shares in the last quarter. Atlantic Union Bankshares Corp grew its holdings in Keysight Technologies by 36.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company's stock valued at $50,000 after buying an additional 76 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Keysight Technologies by 9.6% during the 3rd quarter. CI Investments Inc. now owns 898 shares of the scientific and technical instruments company's stock worth $157,000 after acquiring an additional 79 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

NYSE:KEYS opened at $285.21 on Wednesday. The firm has a market capitalization of $48.91 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.19 and a beta of 1.12. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $317.00. The business has a 50 day simple moving average of $237.38 and a 200-day simple moving average of $201.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.60 and a quick ratio of 2.02.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The scientific and technical instruments company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.17. Keysight Technologies had a net margin of 16.84% and a return on equity of 19.26%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company's revenue was up 23.3% on a year-over-year basis. Keysight Technologies has set its FY 2026 guidance at 8.590- EPS and its Q2 2026 guidance at 2.270-2.330 EPS. Equities analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Keysight Technologies announced that its Board of Directors has initiated a share repurchase plan on Monday, November 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently commented on KEYS shares. Morgan Stanley lifted their price objective on Keysight Technologies from $227.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Wall Street Zen upgraded shares of Keysight Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Zacks Research raised Keysight Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, March 2nd. UBS Group upped their target price on shares of Keysight Technologies from $230.00 to $340.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company increased their price objective on Keysight Technologies from $225.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $295.36.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 1,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $203.72, for a total transaction of $203,720.00. Following the sale, the chief financial officer directly owned 127,833 shares of the company's stock, valued at approximately $26,042,138.76. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Sung Yoon sold 889 shares of the firm's stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $206.66, for a total value of $183,720.74. Following the completion of the sale, the senior vice president directly owned 16,953 shares in the company, valued at approximately $3,503,506.98. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,889 shares of company stock worth $1,167,221. 0.40% of the stock is owned by insiders.

About Keysight Technologies

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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