Trexquant Investment LP Cuts Position in Keysight Technologies Inc. $KEYS

Key Points

• Trexquant Investment LP reduced its holdings in Keysight Technologies by 28.8% during the first quarter, ending with 61,203 shares valued at approximately $9.17 million.
• Keysight Technologies recently posted earnings of $1.72 per share, outperforming analysts' expectations and demonstrating an 11.1% year-over-year increase in revenue, totaling $1.35 billion.
• Several analysts have adjusted their price targets for Keysight Technologies, with Morgan Stanley raising its target from $156 to $180 and maintaining an "overweight" rating on the stock.

Trexquant Investment LP reduced its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,203 shares of the scientific and technical instruments company's stock after selling 24,794 shares during the period. Trexquant Investment LP's holdings in Keysight Technologies were worth $9,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Keysight Technologies by 0.5% during 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 purchasing an additional 95,876 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 increased its stake in Keysight Technologies by 7.7% in 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 buying an additional 305,143 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Keysight Technologies by 1.0% in 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% in 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 and hedge funds own 84.58% of the company's stock.

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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America boosted their price target on Keysight Technologies from $175.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. raised their price objective 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, Barclays dropped their price objective 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $187.38.

Keysight Technologies Trading Up 1.0%

Shares of KEYS traded up $1.59 on Wednesday, hitting $165.38. 493,332 shares of the stock traded hands, compared to its average volume of 987,615. 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 firm has a market capitalization of $28.46 billion, a P/E ratio of 52.67, a P/E/G ratio of 2.29 and a beta of 1.16. The stock's 50 day moving average is $163.79 and its two-hundred day moving average is $157.46. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its 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. 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 the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. Keysight Technologies's revenue was up 11.1% compared to the same quarter last year. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. As a group, sell-side analysts predict 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.