SVB Wealth LLC Reduces Stake in Keysight Technologies Inc. $KEYS

Key Points

• SVB Wealth LLC has decreased its holdings in Keysight Technologies Inc. by 30.4% in the first quarter, now owning 4,791 shares valued at $718,000.
• Insider activity includes CFO Neil Dougherty selling 12,215 shares worth $2,010,589, leading to a 9.58% decrease in his position.
• Keysight Technologies reported a better-than-expected earnings per share of $1.72 for the last quarter, surpassing analysts' consensus estimate of $1.67.

SVB Wealth LLC cut its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 30.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,791 shares of the scientific and technical instruments company's stock after selling 2,090 shares during the quarter. SVB Wealth LLC's holdings in Keysight Technologies were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Keysight Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company's stock worth $3,140,604,000 after purchasing an additional 95,876 shares during the period. 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 worth $2,814,195,000 after purchasing an additional 2,675,148 shares during the period. 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 worth $636,854,000 after purchasing an additional 305,143 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Keysight Technologies by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company's stock worth $496,892,000 after purchasing an additional 33,818 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Keysight Technologies by 9.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock worth $416,612,000 after purchasing an additional 214,015 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP John Page sold 7,368 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the transaction, the senior vice president owned 36,986 shares in the company, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,241 shares of company stock worth $4,866,631 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays lowered their price target on Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Bank of America increased their target price on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.38.

Keysight Technologies Stock Up 0.6%

KEYS stock traded up $0.93 during mid-day trading on Wednesday, reaching $165.32. The company had a trading volume of 771,543 shares, compared to its average volume of 991,043. 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 $28.45 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The firm has a fifty day simple moving average of $163.45 and a 200 day simple moving average of $157.96. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.05. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.Keysight Technologies's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Keysight Technologies Company 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.