The Manufacturers Life Insurance Company Cuts Stock Holdings in Keysight Technologies Inc. $KEYS

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Keysight Technologies by 2.0%, holding 103,328 shares valued at approximately $15.48 million after selling 2,106 shares.
• Recent analyst activity includes upward revisions of price targets, with Bank of America increasing its target from $175 to $179 and JPMorgan Chase raising it from $177 to $200, indicating strong investor interest.
• Insider selling activity was noted, with SVP Ingrid A. Estrada and CFO Neil Dougherty selling 10,000 and 12,215 shares, respectively, suggesting shifts in ownership stakes.

The Manufacturers Life Insurance Company cut its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,328 shares of the scientific and technical instruments company's stock after selling 2,106 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Keysight Technologies worth $15,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Magnetar Financial LLC grew its position in Keysight Technologies by 1,155.4% in the 1st quarter. Magnetar Financial LLC now owns 21,768 shares of the scientific and technical instruments company's stock worth $3,260,000 after purchasing an additional 20,034 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Keysight Technologies by 141.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 102,573 shares of the scientific and technical instruments company's stock worth $15,362,000 after purchasing an additional 60,150 shares during the last quarter. WPG Advisers LLC acquired a new stake in Keysight Technologies in the 1st quarter worth $39,000. State of Wyoming lifted its holdings in shares of Keysight Technologies by 77.8% during the 1st quarter. State of Wyoming now owns 1,831 shares of the scientific and technical instruments company's stock worth $274,000 after acquiring an additional 801 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Keysight Technologies during the 1st quarter worth about $724,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Barclays dropped their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and an average price target of $187.38.

Keysight Technologies Stock Up 0.7%

Shares of KEYS stock traded up $1.16 during trading on Friday, reaching $168.11. The company's stock had a trading volume of 957,194 shares, compared to its average volume of 1,040,006. The business has a fifty day moving average price of $163.92 and a 200-day moving average price of $157.09. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. The company has a market cap of $28.89 billion, a price-to-earnings ratio of 53.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16. Keysight Technologies Inc. has a one year low of $121.43 and a one year 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, topping the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of the firm'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 value of $2,010,589.00. Following the completion of the transaction, the chief financial officer owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the transaction, the senior vice president owned 108,590 shares of the company's stock, 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. Corporate 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.