Primecap Management Co. CA Buys Shares of 588,975 Keysight Technologies Inc. $KEYS

Primecap Management Co. CA bought a new position in Keysight Technologies Inc. (NYSE:KEYS) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 588,975 shares of the scientific and technical instruments company’s stock, valued at approximately $206,182,000.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP acquired a new position in Keysight Technologies in the second quarter valued at approximately $2,316,000. Findlay Park Partners LLP purchased a new position in Keysight Technologies in the second quarter worth approximately $157,137,000. Oppenheimer Asset Management Inc. acquired a new stake in Keysight Technologies during the second quarter worth $11,917,000. Comerica Bank increased its stake in Keysight Technologies by 57.2% during the fourth quarter. Comerica Bank now owns 52,506 shares of the scientific and technical instruments company’s stock worth $10,669,000 after acquiring an additional 19,104 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Keysight Technologies in the fourth quarter valued at $9,739,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KEYS. Susquehanna upped their price target on Keysight Technologies from $425.00 to $440.00 and gave the company a “positive” rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price objective on Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Truist Financial boosted their price objective on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Robert W. Baird upped their target price on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. One 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. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $392.83.

Insider Buying and Selling

In related news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares of the company’s stock, valued at $43,860,996.12. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $314.66, for a total value of $629,320.00. Following the sale, the senior vice president owned 103,861 shares in the company, valued at approximately $32,680,902.26. This trade represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 10,507 shares of company stock valued at $3,491,649. 0.40% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $320.54 on Wednesday. The firm has a market cap of $54.78 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. Keysight Technologies Inc. has a 52-week low of $158.79 and a 52-week high of $374.96. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $331.33 and its two-hundred day moving average is $317.27.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 EPS for the quarter, topping the consensus estimate of $2.48 by $0.59. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. 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, research analysts expect that Keysight Technologies Inc. will post 9.03 EPS for the current fiscal year.

Keysight Technologies Profile

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.