Osterweis Capital Management Inc. Takes $14.82 Million Position in Keysight Technologies Inc. $KEYS

Key Points

• Osterweis Capital Management acquired a $14.82 million stake in Keysight Technologies during the second quarter, while institutional investors collectively own 84.58% of the company.
• Keysight reported stronger-than-expected quarterly results, with EPS of $3.07 versus a $2.48 consensus estimate and revenue of $1.85 billion, up 36.5% year over year.
• Despite the stock trading down 1.7% to $310.69, analysts remain broadly bullish: the consensus rating is “Moderate Buy,” with an average price target of $392.83 after several firms raised targets.

Osterweis Capital Management Inc. acquired a new position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 42,323 shares of the scientific and technical instruments company's stock, valued at approximately $14,816,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Keysight Technologies in the 2nd quarter worth approximately $7,030,806,000. Norges Bank acquired a new position in shares of Keysight Technologies during the fourth quarter worth approximately $435,542,000. Focus Partners Wealth boosted its position in shares of Keysight Technologies by 3,941.3% in the fourth quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company's stock valued at $285,743,000 after acquiring an additional 1,371,488 shares during the period. Legal & General Group Plc bought a new stake in shares of Keysight Technologies in the second quarter valued at approximately $464,017,000. Finally, Woodline Partners LP acquired a new stake in shares of Keysight Technologies in the third quarter worth $208,891,000. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Trading Down 1.7%

Shares of KEYS stock opened at $310.69 on Tuesday. Keysight Technologies Inc. has a 12-month low of $158.79 and a 12-month high of $374.96. The company has a market capitalization of $53.10 billion, a P/E ratio of 42.68, a P/E/G ratio of 1.80 and a beta of 1.22. The firm has a 50-day moving average price of $331.94 and a 200 day moving average price of $316.57. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.59. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.75 billion. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The company's quarterly revenue 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. Research analysts forecast that Keysight Technologies Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $314.66, for a total transaction of $629,320.00. Following the sale, the senior vice president directly owned 103,861 shares in the company, valued at $32,680,902.26. This represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the sale, the director directly owned 21,821 shares of the company's stock, valued at $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,507 shares of company stock valued at $2,533,989 in the last three months. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KEYS shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. UBS Group raised their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Susquehanna upped their price objective on shares of Keysight Technologies from $425.00 to $440.00 and gave the company a "positive" rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley increased their target price on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $392.83.

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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