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

Allspring Global Investments Holdings LLC increased its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Praxis Investment Management Inc. increased its stake in Keysight Technologies by 45.8% during the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock valued at $954,000 after purchasing an additional 2,000 shares in the last quarter. True Link Financial Advisors LLC bought a new stake in Keysight Technologies during the 1st quarter valued at about $351,000. Exchange Traded Concepts LLC increased its stake in Keysight Technologies by 18.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock valued at $262,000 after purchasing an additional 279 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Keysight Technologies by 19.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock valued at $1,906,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after purchasing an additional 2,260 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded down $7.14 during trading on Friday, reaching $158.39. 478,793 shares of the company traded hands, compared to its average volume of 1,103,254. The firm has a 50 day simple moving average of $158.97 and a 200-day simple moving average of $158.80. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $27.26 billion, a PE ratio of 37.18, a P/E/G ratio of 2.28 and a beta of 1.09. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. Equities research analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the transaction, the senior vice president owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the transaction, the senior vice president directly owned 36,986 shares in the company, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock valued at $5,124,049 in the last 90 days. 0.61% of the stock is owned by 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.