Allspring Global Investments Holdings LLC Increases Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,174 shares of the scientific and technical instruments company's stock after acquiring an additional 1,635 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Keysight Technologies were worth $7,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in Keysight Technologies by 45.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the scientific and technical instruments company's stock worth $155,000 after purchasing an additional 300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Keysight Technologies by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,015,675 shares of the scientific and technical instruments company's stock worth $163,148,000 after purchasing an additional 28,754 shares in the last quarter. Keybank National Association OH raised its holdings in Keysight Technologies by 11.2% in the fourth quarter. Keybank National Association OH now owns 3,957 shares of the scientific and technical instruments company's stock worth $636,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Keysight Technologies by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 150,390 shares of the scientific and technical instruments company's stock worth $24,157,000 after purchasing an additional 9,626 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in Keysight Technologies by 50.4% in the fourth quarter. Atria Investments Inc now owns 10,837 shares of the scientific and technical instruments company's stock worth $1,741,000 after purchasing an additional 3,631 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of research reports. Bank of America increased their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $183.00.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock traded down $7.14 during trading on Friday, hitting $158.39. 478,793 shares of the company's stock traded hands, compared to its average volume of 1,103,433. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The business has a 50-day simple moving average of $158.97 and a 200-day simple moving average of $158.79. The stock has a market capitalization of $27.26 billion, a P/E ratio of 37.18, a PEG ratio of 2.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $1.41 EPS. Keysight Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,589 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the transaction, the director directly owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock worth $5,124,049 in the last three months. 0.61% of the stock is currently owned by company insiders.

About Keysight Technologies

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.