Reinhart Partners LLC. Decreases Stock Holdings in Keysight Technologies Inc. $KEYS

Key Points

• Reinhart Partners cut its Keysight Technologies stake by 19.8% in the second quarter, selling 4,726 shares and retaining 19,197 shares valued at approximately $6.7 million. Institutional investors collectively own 84.58% of the company.
• Keysight reported quarterly earnings of $2.87 per share, exceeding analysts’ $2.32 estimate, while revenue rose 31.5% year over year to $1.72 billion. Shares opened at $340.95, near the upper end of their 12-month range.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $371.92 price target. Recent targets ranged from $350 to $420, while company insiders sold 5,507 shares worth about $1.9 million during the quarter.

Reinhart Partners LLC. reduced its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 19.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,197 shares of the scientific and technical instruments company's stock after selling 4,726 shares during the period. Reinhart Partners LLC.'s holdings in Keysight Technologies were worth $6,721,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP purchased a new stake in Keysight Technologies in the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC increased 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 valued at $32,000 after buying an additional 30 shares during the period. Oslo Pensjonsforsikring AS bought a new position in shares of Keysight Technologies during the first quarter valued at approximately $44,000. Entrust Financial LLC bought a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $45,000. Finally, DV Equities LLC purchased a new stake in Keysight Technologies in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $340.95 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $58.27 billion, a P/E ratio of 56.08, a P/E/G ratio of 1.92 and a beta of 1.22. The business has a fifty day simple moving average of $332.43 and a two-hundred day simple moving average of $306.69. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $374.96.

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

Insider Buying and Selling

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the company's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the sale, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer directly owned 121,391 shares of the company's stock, valued at $43,860,996.12. This represents a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,507 shares of company stock valued at $1,904,669 over the last quarter. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KEYS. Zacks Research raised shares of Keysight Technologies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Truist Financial boosted their price target on shares of Keysight Technologies from $310.00 to $376.00 and gave the company a "hold" rating in a research report on Thursday, May 21st. UBS Group increased their price target on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley raised their price objective on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $371.92.

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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