Panagora Asset Management Inc. Grows Stake in Keysight Technologies Inc. $KEYS

Key Points

• Panagora Asset Management Inc. increased its stake in Keysight Technologies by 75.9%, now holding a total of 8,819 shares worth approximately $1.32 million.
• Recent analyst reports show a generally optimistic outlook for Keysight Technologies, with several firms increasing their target prices, leading to a consensus target of $187.38.
• Keysight Technologies posted Q3 earnings of $1.72 per share, exceeding estimates, with revenue rising 11.1% year-over-year, indicating strong performance amidst a challenging market.

Panagora Asset Management Inc. boosted its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 75.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,819 shares of the scientific and technical instruments company's stock after acquiring an additional 3,804 shares during the quarter. Panagora Asset Management Inc.'s holdings in Keysight Technologies were worth $1,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Keysight Technologies by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock worth $2,814,195,000 after purchasing an additional 2,675,148 shares during the period. Victory Capital Management Inc. raised its position in Keysight Technologies by 1,224.5% in the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock worth $298,324,000 after acquiring an additional 1,841,494 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Keysight Technologies by 343.6% during the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after acquiring an additional 780,893 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Keysight Technologies by 36,268.6% during the 1st quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after acquiring an additional 748,583 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Keysight Technologies by 49.4% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 935,490 shares of the scientific and technical instruments company's stock worth $140,120,000 after purchasing an additional 309,345 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on KEYS. Morgan Stanley boosted their price target on 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 target price on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Barclays lowered their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $187.38.

Keysight Technologies Price Performance

KEYS traded up $1.16 during trading on Friday, hitting $168.11. 957,194 shares of the company traded hands, compared to its average volume of 1,040,006. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. The company has a market cap of $28.89 billion, a PE ratio of 53.54, a P/E/G ratio of 2.35 and a beta of 1.16. The stock's 50-day simple moving average is $163.92 and its two-hundred day simple moving average is $157.09. 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 released its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.67 by $0.05. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. As a group, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the sale, the senior vice president owned 108,590 shares in the company, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Keysight Technologies Profile

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.