First Manhattan 13F: Cuts KEYS Stake by $37M

First Manhattan has trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by over 35%, according to its recent 13F filing with the SEC. The fund sold 102,145 shares, reducing its stake to 186,192 shares valued at approximately $67.7 million as of the reporting period.

What Changed in First Manhattan's Keysight Technologies Position

First Manhattan significantly reduced its stake in Keysight Technologies, cutting 102,145 shares from its portfolio. This move decreased its holdings by 35.4%, leaving the fund with 186,192 shares valued at about $67.7 million.

Other Institutional Activity in Keysight Technologies

In contrast to First Manhattan's reduction, BlackRock, Inc. increased its position in Keysight by 1,209,983 shares, ending with 18,610,610 shares worth about $5.26 billion. Price T Rowe Associates, however, trimmed its holdings by 2,480,903 shares, now holding 14,938,908 shares valued at $4.22 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established positions, each holding 11,155,475 shares and 8,617,643 shares, valued at approximately $3.15 billion and $2.43 billion, respectively. State Street Corp reduced its position by 194,229 shares, leading to a total of 7,997,666 shares valued at $2.26 billion.

Keysight Technologies, Inc. Stock Up 5.3%

Shares of NYSE:KEYS recently traded around $363.67. The company boasts a market capitalization of approximately $62.15 billion and a P/E ratio of 58.66. Keysight's stock has seen a 52-week range from a low of $152.85 to a high of $370.18. The stock's 50-day moving average is $343.92, while the 200-day moving average stands at $246.47. Its current ratio is 1.90, with a quick ratio of 1.33 and a debt-to-equity ratio of 43.64.

Recent Earnings

Keysight Technologies reported a revenue of $6.09 billion, with a growth rate of 31.5%. The company's net margin is 17.31%, and it has a return on equity of 18.17%. The next earnings release is scheduled for August 18, 2026.

Insider Buying and Selling at Keysight Technologies, Inc.

Several insiders have sold shares recently. On June 2, 2026, James Cullen sold 3,000 shares at an average price of $346.58. Jo Ann Juskie, SVP, sold 136 shares on May 26, 2026, at $355.74. President and CEO Satish Dhanasekaran sold 500 shares on May 18, 2026, at $340.48. Earlier, on March 30, Richard Hamada sold 870 shares at $275.78, and SVP and Secretary Jeffrey Li sold 2,000 shares on March 24 at $297.19. Satish Dhanasekaran also sold 1,667 shares on March 24 at $300.00.

Analysts Set New Price Targets

On May 22, 2026, Truist Securities maintained a 'hold' rating with a $376 price target. JP Morgan and Citigroup both maintained 'buy' ratings on May 21, with targets of $390 and $396, respectively. Susquehanna and UBS also maintained 'buy' ratings on May 20, setting targets at $425 and $420. Morgan Stanley maintained a 'hold' rating with a $350 target, and Barclays continued a 'buy' rating with a $387 target. Wells Fargo also maintained a 'buy' rating with a $390 target. The overall analyst consensus is a 'buy', with a mean target price of $383.08.

About Keysight Technologies

Keysight Technologies, Inc. provides electronic design and test solutions globally. The company, headquartered in Santa Rosa, California, offers products and services for electronic design, simulation, validation, and optimization across various industries including wireless, data centers, aerospace, and automotive. Led by CEO Satish C. Dhanasekaran, Keysight employs around 16,500 people and operates through its Communications Solutions Group and Electronic Industrial Solutions Group.

Bottom Line

First Manhattan's reduction in Keysight Technologies highlights ongoing shifts in institutional investment strategies. While the 13F filing provides insight into past holdings, it doesn't necessarily reflect current positions. Investors often track such filings to understand market trends and institutional sentiment.