KEYSIGHT TECHNOLOGIES INC KEYS
COM · Common Stock · CUSIP 49338L103 · ISIN US49338L1035
Test equipment manufacturer
- SectorTechnology
- IndustryIndustrial Instruments For Measurement, Display, and Control
- HeadquartersSanta Rosa, CA
- Founded2014
- Websitekeysight.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($125.6m this quarter). Holder counts are more reliable. Shares outstanding: 171.8m as of 2025-12-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $203.14. Options: 11 managers hold calls ($94.1m notional), 12 hold puts ($95.3m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 872 |
| Q4 2022 | 912 |
| Q1 2023 | 888 |
| Q2 2023 | 921 |
| Q3 2023 | 835 |
| Q4 2023 | 882 |
| Q1 2024 | 865 |
| Q2 2024 | 844 |
| Q3 2024 | 832 |
| Q4 2024 | 890 |
| Q1 2025 | 881 |
| Q2 2025 | 882 |
| Q3 2025 | 898 |
| Q4 2025 | 985 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 355 | 433 |
| Q2 2024 | 357 | 436 |
| Q3 2024 | 351 | 431 |
| Q4 2024 | 358 | 388 |
| Q1 2025 | 398 | 419 |
| Q2 2025 | 444 | 380 |
| Q3 2025 | 390 | 383 |
| Q4 2025 | 466 | 384 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $94.9m | $120.1m | 1.27 |
| Q2 2025 | $55.5m | $83.3m | 1.50 |
| Q3 2025 | $106.3m | $125.1m | 1.18 |
| Q4 2025 | $94.1m | $95.3m | 1.01 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +1.9m |
| Focus Partners Wealth | Added | +1.4m |
| CITADEL ADVISORS LLC | Added | +1.3m |
| BlackRock, Inc. | Added | +534.4k |
| Balyasny Asset Management L.P. | Added | +501.2k |
| Allspring Global Investments Holdings, LLC | Added | +493.7k |
| Point72 Asset Management, L.P. | New | +431.9k |
| Qube Research & Technologies Ltd | Added | +417.1k |
| HSBC HOLDINGS PLC | Added | +403.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +394.8k |
Biggest sellers
| NorthCoast Asset Management LLC | Reduced | -1.7m |
| Swedbank AB | Reduced | -1.5m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| SATURNA CAPITAL CORP | Sold out | -851.7k |
| Boston Partners | Reduced | -840.7k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -716.6k |
| CITIGROUP INC | Reduced | -665.3k |
| Pacer Advisors, Inc. | Reduced | -513.2k |
| MACKENZIE FINANCIAL CORP | Reduced | -324.5k |
| Alyeska Investment Group, L.P. | Reduced | -289.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $34.8m171.1k shares |
| CITADEL ADVISORS LLC | Added | $13.9m68.5k shares |
| PEAK6 LLC | New | $13.7m67.4k shares |
| Walleye Trading LLC | Added | $10.0m49.2k shares |
| JANE STREET GROUP, LLC | Reduced | $9.8m48.1k shares |
| IMC-Chicago, LLC | Added | $7.8m38.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m7.5k shares |
| Walleye Capital LLC | Added | $914.4k4.5k shares |
| GROUP ONE TRADING LLC | Added | $650.2k3.2k shares |
| BARCLAYS PLC | Unchanged | $609.6k3.0k shares |
Biggest puts
| Oribel Capital Management, LP | Reduced | $24.0m117.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.3m95.2k shares |
| JANE STREET GROUP, LLC | Reduced | $17.3m85.3k shares |
| Allianz Asset Management GmbH | New | $15.0m74.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.3m30.9k shares |
| MILLENNIUM MANAGEMENT LLC | New | $5.1m25.2k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | $4.5m22.2k shares |
| IMC-Chicago, LLC | Reduced | $2.6m12.6k shares |
| Walleye Trading LLC | Added | $467.3k2.3k shares |
| Squarepoint Ops LLC | New | $406.4k2.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -3.1 pts · filed 2026-08-14 | 5.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $657.4k | $657.4k |
| Q2 2024 | 1 | $65.9k | 1 | $60.0k | — |
| Q3 2024 | 0 | — | 1 | $254.6k | — |
| Q4 2024 | 0 | — | 8 | $17.3m | $6.0m |
| Q1 2025 | 0 | — | 1 | $563.0k | — |
| Q2 2025 | 1 | $44.5k | 5 | $5.1m | $1.3m |
| Q3 2025 | 0 | — | 2 | $372.6k | — |
| Q4 2025 | 0 | — | 8 | $15.8m | $5.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-30 | YOON SUNG SVP | Sold | $183.7k889 shares |
| 2025-12-22 | Dougherty Neil EVP and CFO | Sold | $203.7k1.0k shares |
| 2025-12-10 | PAGE JOHN SVP | Sold | $3.2m15.0k shares |
| 2025-12-09 | Dhanasekaran Satish President and CEO, director | Sold | $894.3k4.2k shares |
| 2025-12-03 | Li Jeffrey K SVP and Secretary | Sold plan | $790.1k3.9k shares |
| 2025-12-01 | Dhanasekaran Satish President and CEO, director | Sold plan | $2.5m12.5k shares |
| 2025-12-01 | Estrada Ingrid A SVP | Sold plan | $948.1k4.8k shares |
| 2025-12-01 | NARAYANAN KAILASH SVP | Sold plan | $628.7k3.2k shares |
| 2025-12-01 | PAGE JOHN SVP | Sold plan | $623.6k3.2k shares |
| 2025-11-28 | Nersesian Ronald S. Director | Sold | $5.9m30.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 21.5m $4.4bn | Added +101.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.38% of their portfolio | 17.4m $3.5bn | Added +85.7k |
| BlackRock, Inc. 0.06% of their portfolio | 17.4m $3.5bn | Added +534.4k |
| STATE STREET CORP 0.06% of their portfolio | 8.2m $1.7bn | Added +200.3k |
| T. Rowe Price Investment Management, Inc. 0.42% of their portfolio | 5.3m $1.1bn | Added +1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.9m $994.5m | Reduced -250.9k |
| Boston Partners 0.85% of their portfolio | 4.0m $819.5m | Reduced -840.7k |
| Capital World Investors 0.11% of their portfolio | 3.9m $800.7m | Added +240.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.26% of their portfolio | 2.3m $468.3m | Reduced -716.6k |
| NORGES BANK 0.05% of their portfolio | 2.1m $435.5m | Not comparable |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 2.1m $421.7m | Reduced -22.5k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.0m $410.1m | Reduced -57.6k |
| Amundi 0.11% of their portfolio | 2.0m $403.1m | Added +337.4k |
| Allspring Global Investments Holdings, LLC 0.64% of their portfolio | 1.9m $395.7m | Added +493.7k |
| MORGAN STANLEY 0.02% of their portfolio | 1.9m $380.4m | Reduced -135.9k |
| Invesco Ltd. 0.04% of their portfolio | 1.8m $375.7m | Reduced -197.8k |
| Swedbank AB 0.32% of their portfolio | 1.6m $325.8m | Reduced -1.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.18% of their portfolio | 1.5m $310.8m | Added +394.8k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.4m $289.8m | Added +16.7k |
| Focus Partners Wealth 0.33% of their portfolio | 1.4m $285.7m | Added +1.4m |
| CITADEL ADVISORS LLC 0.18% of their portfolio | 1.3m $267.7m | Added +1.3m |
| Legal & General Group Plc 0.06% of their portfolio | 1.3m $265.0m | Added +30.9k |
| BESSEMER GROUP INC 0.38% of their portfolio | 1.2m $249.5m | Reduced -202.2k |
| Man Group plc 0.44% of their portfolio | 1.1m $228.8m | Added +55.9k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.1m $219.6m | Added +256.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.1m $216.3m | Added +14.7k |
| Nuveen, LLC 0.05% of their portfolio | 941.4k $191.3m | Reduced -10.2k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 938.2k $190.6m | Reduced -32.0k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 930.4k $189.0m | Added +156.2k |
| Woodline Partners LP 0.73% of their portfolio | 926.8k $188.3m | Reduced -267.4k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 924.5k $187.8m | Added +286.5k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 920.6k $187.1m | Reduced -38.9k |
| LONDON CO OF VIRGINIA 1.08% of their portfolio | 917.9k $186.5m | Reduced -61.5k |
| JANUS HENDERSON GROUP PLC 0.08% of their portfolio | 883.6k $179.6m | Added +168.7k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 813.8k $165.6m | Added +403.6k |
| JENNISON ASSOCIATES LLC 0.10% of their portfolio | 811.0k $164.8m | Added +1.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 805.7k $163.7m | Reduced -1.1m |
| UBS Group AG 0.03% of their portfolio | 783.4k $159.2m | Added +205.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 756.9k $153.8m | Reduced -13.9k |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 671.7k $136.5m | Added +501.2k |
| MACKENZIE FINANCIAL CORP 0.16% of their portfolio | 663.4k $136.4m | Reduced -324.5k |
| Qube Research & Technologies Ltd 0.19% of their portfolio | 654.8k $133.0m | Added +417.1k |
| CANADA LIFE ASSURANCE Co 0.23% of their portfolio | 637.6k $129.7m | Reduced -28.0k |
| Fenimore Asset Management Inc 2.68% of their portfolio | 633.8k $128.8m | Added +1.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.09% of their portfolio | 592.6k $120.4m | Reduced -14.1k |
| Findlay Park Partners LLP 1.47% of their portfolio | 565.3k $114.9m | Reduced -114.2k |
| FMR LLC 0.01% of their portfolio | 525.9k $106.9m | Added +273.5k |
| Madison Asset Management, LLC 1.21% of their portfolio | 519.3k $105.5m | Reduced -51.9k |
| Swiss National Bank 0.06% of their portfolio | 470.9k $95.7m | Reduced -25.2k |
| EARNEST PARTNERS LLC 0.40% of their portfolio | 464.4k $94.4m | Reduced -1.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 455.6k $92.6m | Added +74.6k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 431.9k $87.8m | New |
| LORD, ABBETT & CO. LLC 0.27% of their portfolio | 426.1k $86.6m | Reduced -1.9k |
| ANTIPODES PARTNERS Ltd 1.80% of their portfolio | 421.5k $85.6m | Reduced -29.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 417.7k $73.2m | Added +10.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 401.1k $81.5m | Reduced -14.8k |
| California Public Employees Retirement System 0.04% of their portfolio | 380.1k $77.2m | Added +71.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 365.2k $74.2m | Reduced -44.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 359.1k $74.2m | Added +15.8k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 352.9k $71.7m | Added +234.3k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 350.4k $71.2m | Added +245.7k |
| Cartenna Capital, LP 3.74% of their portfolio | 350.0k $71.1m | New |
| BARCLAYS PLC 0.03% of their portfolio | 339.5k $69.0m | Reduced -20.7k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.02% of their portfolio | 334.3k $67.9m | Added +7.4k |
| Giverny Capital Inc. 2.26% of their portfolio | 334.0k $67.9m | Added +119 |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 332.6k $67.6m | Reduced -47.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 320.0k $65.0m | Reduced -11.2k |
| Candriam S.C.A. 0.32% of their portfolio | 316.3k $64.3m | Added +160.3k |
| TD Asset Management Inc 0.05% of their portfolio | 302.1k $61.4m | Reduced -12.6k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 301.1k $61.2m | Added +295.1k |
| GENEVA CAPITAL MANAGEMENT LLC 1.14% of their portfolio | 297.6k $60.5m | Added +14.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.08% of their portfolio | 296.8k $60.3m | New |
| NATIXIS ADVISORS, LLC 0.08% of their portfolio | 288.7k $58.7m | Added +14.8k |
| FIRST MANHATTAN CO. LLC. 0.15% of their portfolio | 288.3k $58.6m | Reduced -29.8k |
| National Pension Service 0.04% of their portfolio | 288.2k $58.6m | Reduced -3.1k |
| BROWN BROTHERS HARRIMAN & CO 0.31% of their portfolio | 281.1k $57.1m | Reduced -5.2k |
| UniSuper Management Pty Ltd 0.34% of their portfolio | 275.9k $56.1m | Reduced -34.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 274.7k $55.8m | Reduced -852 |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 264.0k $53.6m | Added +74.0k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 263.4k $53.5m | Reduced -23.2k |
| ARIEL INVESTMENTS, LLC 0.57% of their portfolio | 258.3k $52.5m | Reduced -4.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 257.0k $52.2m | Added +47.2k |
| CITIGROUP INC 0.04% of their portfolio | 255.0k $51.8m | Reduced -665.3k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 249.1k $50.6m | Added +57.5k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 247.9k $50.5m | Reduced -5.1k |
| Blue Grotto Capital, LLC 4.92% of their portfolio | 235.5k $47.8m | Added +67.8k |
| Alyeska Investment Group, L.P. 0.13% of their portfolio | 230.1k $46.8m | Reduced -289.6k |
| SNYDER CAPITAL MANAGEMENT L P 0.87% of their portfolio | 229.4k $46.6m | Added +22.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 221.9k $45.1m | Added +164.1k |
| Quantinno Capital Management LP 0.09% of their portfolio | 216.5k $44.0m | Added +64.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 213.9k $44.1m | Added +193.3k |
| Carmignac Gestion 0.59% of their portfolio | 213.0k $43.3m | Reduced -22.1k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 203.0k $41.3m | Reduced -3.3k |
| Raiffeisen Bank International AG 0.54% of their portfolio | 202.1k $41.6m | Reduced -1.8k |
| Central Securities Corp 3.27% of their portfolio | 200.0k $40.6m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 198.8k $40.4m | Reduced -7.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio | 194.2k $39.7m | Added +8.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 192.5k $39.1m | Reduced -7.3k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 192.0k $39.0m | Added +89.3k |
| Aberdeen Group plc 0.06% of their portfolio | 183.2k $37.2m | Reduced -6.3k |