DAVENPORT & Co LLC Reduces Holdings in Keysight Technologies Inc. $KEYS

DAVENPORT & Co LLC reduced its stake in shares of Keysight Technologies Inc. (NYSE:KEYSFree Report) by 21.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,612 shares of the scientific and technical instruments company’s stock after selling 7,278 shares during the quarter. DAVENPORT & Co LLC’s holdings in Keysight Technologies were worth $5,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KEYS. Pensionfund Sabic acquired a new position in Keysight Technologies in the fourth quarter valued at $1,524,000. Contravisory Investment Management Inc. increased its position in shares of Keysight Technologies by 89.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 5,509 shares of the scientific and technical instruments company’s stock worth $1,119,000 after purchasing an additional 2,596 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Keysight Technologies by 2.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,267 shares of the scientific and technical instruments company’s stock worth $664,000 after purchasing an additional 75 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Keysight Technologies by 2,319.8% in the 4th quarter. SG Americas Securities LLC now owns 127,377 shares of the scientific and technical instruments company’s stock valued at $25,882,000 after purchasing an additional 122,113 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Keysight Technologies by 7.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,159 shares of the scientific and technical instruments company’s stock valued at $4,324,000 after purchasing an additional 1,338 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Jeffrey K. Li sold 2,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $297.19, for a total transaction of $594,380.00. Following the completion of the sale, the senior vice president directly owned 34,499 shares of the company’s stock, valued at $10,252,757.81. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satish Dhanasekaran sold 1,667 shares of Keysight Technologies stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total transaction of $500,100.00. Following the completion of the transaction, the chief executive officer owned 122,398 shares in the company, valued at approximately $36,719,400. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 41,223 shares of company stock valued at $11,716,951. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley raised their price target on Keysight Technologies from $227.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Keysight Technologies in a research note on Monday, December 29th. Wall Street Zen raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Susquehanna restated a “positive” rating and set a $300.00 target price on shares of Keysight Technologies in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Keysight Technologies from $243.00 to $322.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.82.

Check Out Our Latest Research Report on KEYS

Keysight Technologies Stock Performance

NYSE KEYS opened at $281.29 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.60 and a debt-to-equity ratio of 0.41. Keysight Technologies Inc. has a 52-week low of $121.43 and a 52-week high of $317.00. The business’s 50-day moving average price is $255.98 and its 200 day moving average price is $210.60. The firm has a market cap of $48.24 billion, a P/E ratio of 50.68, a P/E/G ratio of 2.28 and a beta of 1.12.

Keysight Technologies (NYSE:KEYSGet Free Report) last posted its quarterly earnings data on Monday, February 23rd. The scientific and technical instruments company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.00 by $0.17. Keysight Technologies had a return on equity of 19.26% and a net margin of 16.84%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $1.82 EPS. The firm’s revenue was up 23.3% compared to the same quarter last year. Keysight Technologies has set its FY 2026 guidance at 8.590- EPS and its Q2 2026 guidance at 2.270-2.330 EPS. On average, equities research analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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About Keysight Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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