Allspring Global Investments Holdings LLC Sells 33,878 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 79.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,777 shares of the scientific and technical instruments company’s stock after selling 33,878 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Keysight Technologies were worth $1,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of Keysight Technologies by 1,588.0% during the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock valued at $153,406,000 after buying an additional 1,090,763 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in Keysight Technologies by 14,134.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock valued at $41,641,000 after acquiring an additional 312,509 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of Keysight Technologies by 35.8% in the 3rd quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock worth $149,123,000 after acquiring an additional 297,147 shares during the period. Invesco Ltd. grew its holdings in shares of Keysight Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock worth $229,203,000 after purchasing an additional 247,250 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Keysight Technologies by 18.7% in the third quarter. FMR LLC now owns 1,157,984 shares of the scientific and technical instruments company’s stock valued at $153,213,000 after purchasing an additional 182,251 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 0.3 %

KEYS stock opened at $144.69 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The stock has a market capitalization of $25.26 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 6.57 and a beta of 1.05. The business has a fifty day moving average price of $153.43 and a 200 day moving average price of $146.42. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEYS. Citigroup boosted their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Barclays increased their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $184.00 to $170.00 in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.63.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.