Blue Grotto Capital LLC Takes $29.32 Million Position in Keysight Technologies Inc. $KEYS

Blue Grotto Capital LLC acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 167,637 shares of the scientific and technical instruments company’s stock, valued at approximately $29,323,000. Keysight Technologies comprises about 3.4% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 13th largest holding. Blue Grotto Capital LLC owned 0.10% of Keysight Technologies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KEYS. Norges Bank acquired a new position in Keysight Technologies in the 2nd quarter valued at about $316,690,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Keysight Technologies by 2,290.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,421,437 shares of the scientific and technical instruments company’s stock worth $246,051,000 after buying an additional 1,361,969 shares in the last quarter. Man Group plc grew its holdings in shares of Keysight Technologies by 164.3% during the second quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock worth $165,564,000 after buying an additional 628,082 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Keysight Technologies by 2,004.8% in the second quarter. AQR Capital Management LLC now owns 572,836 shares of the scientific and technical instruments company’s stock valued at $93,865,000 after buying an additional 545,620 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Keysight Technologies by 71.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,134,974 shares of the scientific and technical instruments company’s stock valued at $198,530,000 after buying an additional 472,806 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Down 0.4%

NYSE KEYS opened at $283.24 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 fifty-two week low of $121.43 and a fifty-two week high of $317.00. The business has a 50 day moving average price of $240.60 and a two-hundred day moving average price of $202.16. The stock has a market cap of $48.58 billion, a PE ratio of 51.03, a P/E/G ratio of 2.21 and a beta of 1.12.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Monday, February 23rd. The scientific and technical instruments company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.17. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Keysight Technologies had a net margin of 16.84% and a return on equity of 19.26%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Keysight Technologies has set its FY 2026 guidance at 8.590- EPS and its Q2 2026 guidance at 2.270-2.330 EPS. As a group, sell-side analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Keysight Technologies announced that its Board of Directors has initiated a share repurchase program on Monday, November 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on KEYS shares. Robert W. Baird lifted their target price on shares of Keysight Technologies from $230.00 to $257.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Bank of America upgraded Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keysight Technologies in a research report on Monday, December 29th. UBS Group upped their target price on Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on Keysight Technologies from $255.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.36.

Insider Activity

In related news, CFO Neil Dougherty sold 1,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $203.72, for a total value of $203,720.00. Following the transaction, the chief financial officer owned 127,833 shares in the company, valued at approximately $26,042,138.76. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jo Ann Juskie sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $304.42, for a total value of $304,420.00. Following the sale, the senior vice president owned 12,552 shares of the company’s stock, valued at approximately $3,821,079.84. This trade represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,889 shares of company stock valued at $1,167,221. Corporate insiders own 0.40% of the company’s stock.

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.