Keysight Technologies Inc. $KEYS Stock: Allspring Global Investments Holdings LLC Decreases Holdings

Key Points

• Allspring Global Investments cut its Keysight stake by 9.8% in the third quarter, selling 156,243 shares. It retained 1,440,695 shares, valued at about $538.6 million.
• Keysight reported quarterly adjusted earnings of $3.07 per share and revenue of $1.85 billion, beating analyst estimates; revenue rose 36.5% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $401.42. Eleven analysts rated the stock Buy and three rated it Hold.

Allspring Global Investments Holdings LLC reduced its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,440,695 shares of the scientific and technical instruments company's stock after selling 156,243 shares during the quarter. Keysight Technologies accounts for approximately 0.8% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 13th biggest holding. Allspring Global Investments Holdings LLC owned approximately 0.85% of Keysight Technologies worth $538,647,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Keysight Technologies in the second quarter valued at approximately $7,030,806,000. Legal & General Group Plc acquired a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $464,017,000. Deutsche Bank AG purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at approximately $361,977,000. Man Group plc purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at approximately $338,117,000. Finally, Jupiter Topco LLC purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at approximately $324,535,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $326.10, for a total transaction of $652,200.00. Following the transaction, the senior vice president owned 101,861 shares of the company's stock, valued at approximately $33,216,872.10. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 3,000 shares of the company's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $364.13, for a total value of $1,092,390.00. Following the completion of the sale, the chief executive officer owned 118,391 shares of the company's stock, valued at approximately $43,109,714.83. The trade was a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $4,082,752. 0.40% of the stock is currently owned by company insiders.

Keysight Technologies Trading Down 0.3%

Shares of KEYS stock opened at $271.22 on Monday. The stock's fifty day moving average is $337.41 and its two-hundred day moving average is $317.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 2.02. The firm has a market capitalization of $46.17 billion, a P/E ratio of 37.26, a PEG ratio of 0.68 and a beta of 1.20. Keysight Technologies Inc. has a fifty-two week low of $167.23 and a fifty-two week high of $389.93.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The scientific and technical instruments company reported $3.07 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.59. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. Keysight Technologies had a net margin of 19.08% and a return on equity of 24.34%. Keysight Technologies's quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 earnings per share. 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. Research analysts expect that Keysight Technologies Inc. will post 10.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on KEYS. Robert W. Baird lifted their price target on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. UBS Group upped their price objective on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. The Goldman Sachs Group increased their price objective on shares of Keysight Technologies from $452.00 to $487.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Zacks Research downgraded shares of Keysight Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Finally, Truist Financial lifted their target price on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $401.42.

Keysight Technologies Profile

Keysight Technologies, Inc develops electronic design, test and measurement solutions used to design, validate and monitor electronic systems. Its offerings include instruments, software and services that help customers evaluate the performance and reliability of products and networks.

The company serves industries including communications, aerospace and defense, automotive, semiconductor and general electronics. Its solutions support work ranging from chip and device development to testing wireless networks, data centers and connected systems.

Keysight became an independent public company in 2014 after separating from Agilent Technologies, which had previously been part of Hewlett-Packard.

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