Sheets Smith Wealth Management Trims Stake in Keysight Technologies Inc. $KEYS

Sheets Smith Wealth Management cut its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 28.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,866 shares of the scientific and technical instruments company’s stock after selling 1,535 shares during the period. Sheets Smith Wealth Management’s holdings in Keysight Technologies were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Keysight Technologies during the fourth quarter worth $435,542,000. Focus Partners Wealth boosted its position in Keysight Technologies by 3,941.3% during the 4th quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company’s stock valued at $285,743,000 after acquiring an additional 1,371,488 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at $208,891,000. M&T Bank Corp increased its holdings in shares of Keysight Technologies by 9,349.0% in the 4th quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company’s stock valued at $212,979,000 after acquiring an additional 1,037,083 shares during the period. Finally, Man Group plc raised its position in shares of Keysight Technologies by 164.3% in the 2nd quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock worth $165,564,000 after acquiring an additional 628,082 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of analyst reports. Barclays upped their price objective on Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their target price on Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Bank of America upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 target price for the company in a report on Tuesday, February 24th. Morgan Stanley increased their price target on shares of Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Finally, Susquehanna raised their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.

Insiders Place Their Bets

In other news, Director James Cullen sold 3,000 shares of the business’s 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 sale, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $298.37, for a total transaction of $596,740.00. Following the transaction, the chief financial officer owned 125,272 shares in the company, valued at approximately $37,377,406.64. This trade represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,667 shares of company stock worth $2,730,960 over the last ninety days. Insiders own 0.40% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS opened at $363.47 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. The firm has a market cap of $62.12 billion, a PE ratio of 59.78, a P/E/G ratio of 2.07 and a beta of 1.22. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $370.17. The stock has a fifty day moving average price of $343.99 and a 200-day moving average price of $277.26.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.55. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. Keysight Technologies has set its Q3 2026 guidance at 2.430-2.490 EPS. Equities research analysts predict that Keysight Technologies Inc. will post 9.03 earnings per share 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.