State Street Corp Boosts Holdings in Keysight Technologies Inc. $KEYS

Key Points

• State Street increased its Keysight Technologies stake by 3.4% in the second quarter, bringing its holdings to 8.27 million shares worth approximately $2.9 billion. Institutional investors collectively own 84.58% of the company.
• Analysts remain broadly positive, with an average “Moderate Buy” rating and a consensus price target of $392.83; UBS, Morgan Stanley, and JPMorgan recently raised their targets to between $425 and $440.
• Keysight exceeded quarterly expectations, reporting $3.07 in adjusted EPS versus the $2.48 consensus and $1.85 billion in revenue, up 36.5% year over year. The stock opened at $347.31, while insiders have sold 9,507 shares worth roughly $3.1 million over the past 90 days.

State Street Corp grew its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,270,708 shares of the scientific and technical instruments company's stock after buying an additional 273,042 shares during the period. State Street Corp owned approximately 4.86% of Keysight Technologies worth $2,895,327,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Keysight Technologies by 12.5% in the second quarter. Sequoia Financial Advisors LLC now owns 44,732 shares of the scientific and technical instruments company's stock worth $15,659,000 after acquiring an additional 4,975 shares during the period. Tidal Investments LLC increased its position in shares of Keysight Technologies by 0.7% during the 2nd quarter. Tidal Investments LLC now owns 58,004 shares of the scientific and technical instruments company's stock valued at $20,305,000 after purchasing an additional 416 shares during the last quarter. Gemmer Asset Management LLC purchased a new position in shares of Keysight Technologies in the second quarter worth approximately $232,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Keysight Technologies by 7.2% in the second quarter. Integrated Wealth Concepts LLC now owns 6,052 shares of the scientific and technical instruments company's stock worth $2,119,000 after buying an additional 408 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Keysight Technologies by 30.4% during the second quarter. NewEdge Advisors LLC now owns 11,793 shares of the scientific and technical instruments company's stock valued at $4,128,000 after buying an additional 2,750 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KEYS shares. UBS Group increased their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Morgan Stanley upped their price objective on Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $400.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Citigroup reaffirmed a "buy" rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $392.83.

Insider Activity

In related news, Director Jean Mcclung Nye sold 3,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $319.22, for a total transaction of $957,660.00. Following the sale, the director owned 35,752 shares of the company's stock, valued at $11,412,753.44. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ingrid A. Estrada sold 2,000 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $326.10, for a total transaction of $652,200.00. Following the completion of the sale, the senior vice president owned 101,861 shares in the company, valued at approximately $33,216,872.10. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,507 shares of company stock worth $3,104,109. 0.40% of the stock is currently owned by insiders.

Keysight Technologies Stock Up 1.5%

KEYS opened at $347.31 on Wednesday. The company has a market capitalization of $59.13 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21. The firm has a 50-day simple moving average of $327.39 and a two-hundred day simple moving average of $326.79. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Keysight Technologies Inc. has a 52 week low of $158.79 and a 52 week high of $374.96.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.59. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.75 billion. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%.The business's revenue was up 36.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 earnings per share. Keysight Technologies has set its Q4 2026 guidance at 3.340-3.400 EPS and its FY 2026 guidance at 11.460-11.460 EPS. Analysts forecast that Keysight Technologies Inc. will post 10.33 earnings per share for the current fiscal year.

About Keysight Technologies

Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for engineers, manufacturers and service providers. Its products and services help customers design, validate, manufacture and optimize electronic and communications systems across the product life cycle.

The company offers electronic measurement instruments, software and related services for applications including radio-frequency and microwave testing, wireless communications, high-speed digital systems, semiconductor development and power electronics.

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