Sumitomo Mitsui Trust Group Inc. Sells 11,151 Shares of Keysight Technologies Inc. $KEYS

Sumitomo Mitsui Trust Group Inc. lessened its position in Keysight Technologies Inc. (NYSE:KEYS) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 367,005 shares of the scientific and technical instruments company’s stock after selling 11,151 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Keysight Technologies were worth $133,604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Railway Pension Investments Ltd acquired a new stake in Keysight Technologies in the 2nd quarter valued at $36,099,000. Allworth Financial LP bought a new stake in Keysight Technologies during the 2nd quarter valued at $2,316,000. Findlay Park Partners LLP acquired a new position in Keysight Technologies during the second quarter worth $157,137,000. Citizens Financial Group Inc. RI raised its holdings in Keysight Technologies by 54.8% during the third quarter. Citizens Financial Group Inc. RI now owns 4,798 shares of the scientific and technical instruments company’s stock worth $1,747,000 after buying an additional 1,698 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Keysight Technologies by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 382,082 shares of the scientific and technical instruments company’s stock worth $133,755,000 after buying an additional 12,508 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Activity

In other news, CFO Neil Dougherty sold 2,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $340.79, for a total value of $681,580.00. Following the completion of the sale, the chief financial officer owned 123,390 shares in the company, valued at $42,050,078.10. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jean Mcclung Nye sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $319.22, for a total transaction of $957,660.00. Following the transaction, the director directly owned 35,752 shares in the company, valued at $11,412,753.44. The trade was a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 12,200 shares of company stock worth $4,082,752. Company insiders own 0.40% of the company’s stock.

Keysight Technologies Stock Down 2.8%

Shares of NYSE:KEYS opened at $298.69 on Tuesday. The business’s 50 day moving average is $340.57 and its 200 day moving average is $315.80. Keysight Technologies Inc. has a 12-month low of $167.23 and a 12-month high of $389.93. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 1.06 and a beta of 1.17. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.59. Keysight Technologies had a return on equity of 24.34% and a net margin of 19.08%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm posted $1.72 EPS. Keysight Technologies’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, sell-side analysts forecast that Keysight Technologies Inc. will post 10.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KEYS. UBS Group raised their price objective 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. Morgan Stanley boosted their target price on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Truist Financial upped their target price on shares of Keysight Technologies from $376.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, The Goldman Sachs Group raised their price target on shares of Keysight Technologies from $452.00 to $487.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $401.42.

Keysight Technologies Profile

Keysight Technologies, Inc (NYSE: KEYS) provides electronic design and test solutions used to develop, validate, and optimize communications systems, electronic devices, and other technologies. Its customers include companies in the communications, aerospace and defense, automotive, semiconductor, electronics, energy, education, and government sectors.

The company’s product portfolio includes electronic test and measurement instruments, software, network test and visibility solutions, radio-frequency and microwave systems, oscilloscopes, signal analyzers, wireless and wireline test platforms, and cybersecurity testing tools.