Pacer Advisors Inc. Sells 159,922 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Pacer Advisors cut its Keysight Technologies stake by 94% in the first quarter, selling 159,922 shares and retaining 10,136 shares valued at approximately $2.86 million. Institutional investors collectively own 84.58% of the stock.
• Keysight reported quarterly EPS of $2.87, beating estimates by $0.55, while revenue rose 31.5% year over year to $1.72 billion. Shares recently opened at $337.28, near their 52-week high of $374.96.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $371.92, despite one recent downgrade. Company insiders sold 5,507 shares worth about $1.9 million over the past 90 days.

Pacer Advisors Inc. reduced its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 94.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,136 shares of the scientific and technical instruments company's stock after selling 159,922 shares during the period. Pacer Advisors Inc.'s holdings in Keysight Technologies were worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KEYS. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Keysight Technologies by 15.0% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 222 shares of the scientific and technical instruments company's stock valued at $63,000 after purchasing an additional 29 shares during the last quarter. Kera Capital Partners Inc. boosted its position in Keysight Technologies by 0.9% in the first quarter. Kera Capital Partners Inc. now owns 3,276 shares of the scientific and technical instruments company's stock valued at $925,000 after buying an additional 30 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company's stock worth $32,000 after buying an additional 30 shares during the last quarter. KCM Investment Advisors LLC increased its holdings in shares of Keysight Technologies by 1.3% during the first quarter. KCM Investment Advisors LLC now owns 2,333 shares of the scientific and technical instruments company's stock worth $659,000 after buying an additional 30 shares in the last quarter. Finally, WPG Advisers LLC increased its holdings in shares of Keysight Technologies by 16.5% during the first quarter. WPG Advisers LLC now owns 219 shares of the scientific and technical instruments company's stock worth $62,000 after buying an additional 31 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $337.28 on Friday. The stock has a market cap of $57.64 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 1.91 and a beta of 1.22. Keysight Technologies Inc. has a twelve month low of $152.85 and a twelve month high of $374.96. The company's fifty day moving average is $332.38 and its 200 day moving average is $306.45. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.55. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $1.70 EPS. Keysight Technologies's revenue for the quarter was up 31.5% compared to the same quarter last year. Keysight Technologies has set its Q3 2026 guidance at 2.430-2.490 EPS. Sell-side analysts forecast that Keysight Technologies Inc. will post 9.03 EPS for the current year.

Insider Transactions at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total value of $681,740.00. Following the sale, the senior vice president directly owned 105,861 shares in the company, valued at $36,084,839.07. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction 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 position. The SEC filing for this sale provides additional information. Insiders sold 5,507 shares of company stock worth $1,904,669 over the last ninety days. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KEYS has been the topic of several recent research reports. Weiss Ratings downgraded Keysight Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. UBS Group upped their target price on Keysight Technologies from $340.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Wells Fargo & Company increased their target price on Keysight Technologies from $300.00 to $390.00 and gave the company an "overweight" rating in a research report on Wednesday, May 20th. The Goldman Sachs Group reissued a "buy" rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Finally, Susquehanna boosted their price target on Keysight Technologies from $415.00 to $425.00 and gave the stock a "positive" rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $371.92.

Keysight Technologies Profile

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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