Reinhart Partners LLC. Grows Position in Keysight Technologies Inc. $KEYS

Key Points

• Reinhart Partners LLC increased its stake in Keysight Technologies by 28.9% in Q2, totaling $8.60 million in holdings after acquiring an additional 11,763 shares.
• Keysight Technologies reported strong quarterly earnings with an EPS of $1.72, surpassing analysts' expectations, and projected guidance for FY 2025 at 7.090 EPS.
• Analysts have variously rated Keysight Technologies, with Bank of America raising the target price to $179 and JPMorgan Chase & Co. elevating it to $200, indicating confidence in the stock's performance.

Reinhart Partners LLC. raised its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 28.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,467 shares of the scientific and technical instruments company's stock after buying an additional 11,763 shares during the period. Reinhart Partners LLC.'s holdings in Keysight Technologies were worth $8,597,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KEYS. Price T Rowe Associates Inc. MD grew its holdings in shares of Keysight Technologies by 16.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company's stock valued at $2,814,195,000 after purchasing an additional 2,675,148 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Keysight Technologies by 1,224.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock valued at $298,324,000 after purchasing an additional 1,841,494 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 748,583 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Keysight Technologies by 49.4% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 935,490 shares of the scientific and technical instruments company's stock valued at $140,120,000 after purchasing an additional 309,345 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Keysight Technologies by 7.7% during the 1st quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company's stock valued at $636,854,000 after purchasing an additional 305,143 shares during the last quarter. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS stock traded up $1.15 during trading hours on Friday, reaching $178.36. The company had a trading volume of 2,324,472 shares, compared to its average volume of 859,835. The business has a fifty day moving average price of $165.82 and a 200-day moving average price of $157.60. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. The firm has a market cap of $30.65 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Sell-side analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on KEYS shares. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday. Barclays dropped their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Bank of America increased their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $187.38.

Insider Buying and Selling

In related news, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the sale, the senior vice president owned 106,590 shares of the company's stock, valued at $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,357 shares of company stock valued at $2,383,195 over the last quarter. Company 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.