Swedbank AB Sells 216,520 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Swedbank AB reduced its stake in Keysight Technologies by 4.9%, now holding approximately 4.17 million shares, which makes the stock 22nd in its portfolio with a value of around $624 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their positions in Keysight, with Vanguard now holding over 20.96 million shares valued at about $3.14 billion.
• Keysight Technologies received upgrades from analysts, with a consensus rating of "Moderate Buy" and a target price set at $187.38, following positive earnings reports that surpassed analyst expectations.

Swedbank AB lessened its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,167,090 shares of the scientific and technical instruments company's stock after selling 216,520 shares during the period. Keysight Technologies comprises 0.8% of Swedbank AB's portfolio, making the stock its 22nd largest holding. Swedbank AB owned about 2.42% of Keysight Technologies worth $624,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Keysight Technologies by 0.5% in the first 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 buying an additional 95,876 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Keysight Technologies by 16.6% during the first 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 period. Boston Partners lifted its position in Keysight Technologies by 7.7% during the first 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 period. T. Rowe Price Investment Management Inc. lifted its position in Keysight Technologies by 1.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company's stock valued at $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 lifted its position in Keysight Technologies by 9.0% during the fourth 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 valued at $416,612,000 after purchasing an additional 214,015 shares during the period. Institutional investors own 84.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective 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. Barclays lowered their price objective 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. Finally, Bank of America increased their price objective 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.38.

Insiders Place Their Bets

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction on Monday, June 30th. The stock was 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 of the company's stock, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Up 1.3%

Shares of KEYS stock opened at $172.43 on Friday. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $186.20. The stock has a market cap of $29.63 billion, a P/E ratio of 54.91, a P/E/G ratio of 2.38 and a beta of 1.16. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $164.49 and a two-hundred day simple moving average of $157.02.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.05. The business 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 firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, research analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current 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.

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