Keysight Technologies Inc. $KEYS Shares Bought by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its stake in Keysight Technologies by 26.4%, acquiring 2,150 shares, bringing their total holdings to 10,307 shares valued at $1,544,000.
• Revenue for Keysight Technologies reached $1.35 billion, exceeding analysts' expectations, with earnings per share reported at $1.72, surpassing estimates by $0.05.
• Analysts have generally bullish sentiments on Keysight Technologies, with seven out of eight giving it a Buy rating and target prices increasing, reflecting confidence in the company's performance.

Martingale Asset Management L P boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,307 shares of the scientific and technical instruments company's stock after acquiring an additional 2,150 shares during the quarter. Martingale Asset Management L P's holdings in Keysight Technologies were worth $1,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its holdings in shares of Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 90 shares during the period. Accent Capital Management LLC purchased a new position in shares of Keysight Technologies in the first quarter valued at about $28,000. Manchester Capital Management LLC lifted its position in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 108 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Keysight Technologies in the first quarter valued at about $36,000. Finally, Private Trust Co. NA lifted its position in shares of Keysight Technologies by 39.9% in the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on KEYS. Morgan Stanley increased their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. 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. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, 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 research report on Wednesday, August 20th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $187.38.

Insider Activity

In other Keysight Technologies news, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,241 shares of company stock valued at $4,866,631 in the last ninety days. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Stock Up 0.6%

KEYS stock traded up $0.93 during trading on Wednesday, hitting $165.32. 771,543 shares of the company's stock traded hands, compared to its average volume of 991,043. The firm has a market capitalization of $28.45 billion, a P/E ratio of 52.65, a PEG ratio of 2.33 and a beta of 1.11. The business has a fifty day simple moving average of $163.45 and a two-hundred day simple moving average of $157.96. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. 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 data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.05. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. Keysight Technologies's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $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. Sell-side analysts anticipate 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.