Raymond James Financial Inc. Cuts Stock Holdings in Keysight Technologies Inc. $KEYS

Key Points

• Raymond James Financial Inc. reduced its holdings in Keysight Technologies Inc. by 6.7%, owning 338,930 shares valued at approximately $50.76 million after selling 24,434 shares.
• Keysight Technologies reported an earnings per share (EPS) of $1.72 for the last quarter, exceeding the consensus estimate of $1.67, with revenues of $1.35 billion, an 11.1% year-over-year increase.
• Analysts have set a new consensus target price of $187.38 for Keysight Technologies, with seven analysts rating it as a "Buy."

Raymond James Financial Inc. decreased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,930 shares of the scientific and technical instruments company's stock after selling 24,434 shares during the period. Raymond James Financial Inc. owned about 0.20% of Keysight Technologies worth $50,761,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KEYS. Central Pacific Bank Trust Division raised its position in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares during the period. Accent Capital Management LLC bought a new position in Keysight Technologies in the first quarter worth approximately $28,000. Manchester Capital Management LLC raised its position in 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 worth $35,000 after acquiring an additional 108 shares during the period. Zions Bancorporation National Association UT bought a new position in Keysight Technologies in the first quarter worth approximately $36,000. Finally, Private Trust Co. NA raised its position in 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 worth $39,000 after acquiring an additional 75 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KEYS. Bank of America increased their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Barclays decreased their price target 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. Morgan Stanley increased their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their price target 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. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $187.38.

Insider Activity

In related news, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,241 shares of company stock valued at $4,866,631. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded up $0.71 during midday trading on Wednesday, reaching $165.10. The stock had a trading volume of 91,202 shares, compared to its average volume of 986,793. The stock has a 50-day moving average of $163.45 and a 200-day moving average of $157.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal 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.