Wellington Management Group LLP Acquires 619,163 Shares of Keysight Technologies Inc. $KEYS

Key Points

• Wellington Management increased its Keysight Technologies stake by 4,443.9% in the second quarter, purchasing 619,163 additional shares for a total holding of 633,096 shares valued at approximately $221.6 million. Institutional investors collectively own 84.58% of the company.
• Wall Street remains positive on Keysight, with a consensus “Moderate Buy” rating and an average price target of $392.83; UBS and Morgan Stanley recently raised their targets to $440 and $425, respectively.
• Keysight’s latest quarterly results exceeded expectations, with adjusted EPS of $3.07 versus the $2.48 consensus and revenue of $1.85 billion, up 36.5% year over year. The stock opened at $319.58, while insiders sold 10,507 shares worth $3.49 million during the quarter.

Wellington Management Group LLP boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 4,443.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 633,096 shares of the scientific and technical instruments company's stock after purchasing an additional 619,163 shares during the period. Wellington Management Group LLP owned about 0.37% of Keysight Technologies worth $221,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KEYS. BlackRock Inc. bought a new stake in shares of Keysight Technologies during the 2nd quarter worth $7,030,806,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Keysight Technologies by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,419,811 shares of the scientific and technical instruments company's stock worth $3,539,532,000 after buying an additional 85,693 shares during the last quarter. State Street Corp grew its position in Keysight Technologies by 2.5% during the fourth quarter. State Street Corp now owns 8,191,895 shares of the scientific and technical instruments company's stock valued at $1,664,511,000 after buying an additional 200,279 shares during the period. Boston Partners increased its holdings in Keysight Technologies by 3.4% during the third quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company's stock worth $851,525,000 after buying an additional 160,728 shares during the last quarter. Finally, Capital World Investors increased its holdings in Keysight Technologies by 6.5% during the fourth quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company's stock worth $800,732,000 after buying an additional 240,058 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KEYS. UBS Group boosted their target price on shares of Keysight Technologies from $420.00 to $440.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of Keysight Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 20th. Citigroup reaffirmed a "buy" rating on shares of Keysight Technologies in a report on Wednesday, August 19th. Morgan Stanley upped their price objective on Keysight Technologies from $400.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Keysight Technologies in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $392.83.

Insider Buying and Selling

In other Keysight Technologies news, Director James Cullen sold 3,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the completion of the transaction, the director owned 21,821 shares of the company's stock, valued at $7,562,722.18. The trade was a 12.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satish Dhanasekaran sold 507 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the sale, the chief executive officer owned 121,391 shares in the company, valued at approximately $43,860,996.12. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,507 shares of company stock worth $3,491,649. Company insiders own 0.40% of the company's stock.

Keysight Technologies Stock Down 0.1%

Keysight Technologies stock opened at $319.58 on Monday. The firm has a 50 day simple moving average of $329.16 and a 200 day simple moving average of $319.24. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. Keysight Technologies Inc. has a 1-year low of $158.79 and a 1-year high of $374.96. The firm has a market capitalization of $54.62 billion, a price-to-earnings ratio of 43.90, a P/E/G ratio of 1.64 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted 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. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%.The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business posted $1.72 earnings per share. The business's quarterly revenue was up 36.5% on a year-over-year basis. 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. On average, analysts predict that Keysight Technologies Inc. will post 10.03 earnings per share for the current year.

About Keysight Technologies

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight's product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.

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