Allspring Global Investments Holdings LLC lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 company. International Assets Investment Management LLC lifted its stake in shares of Keysight Technologies by 339.9% in the 4th quarter. International Assets Investment Management LLC now owns 67,613 shares of the scientific and technical instruments company's stock valued at $10,757,000 after acquiring an additional 52,244 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in Keysight Technologies during the 4th quarter valued at approximately $8,670,000. Nisa Investment Advisors LLC raised its position in Keysight Technologies by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 43,484 shares of the scientific and technical instruments company's stock valued at $6,918,000 after purchasing an additional 468 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Keysight Technologies during the 4th quarter valued at approximately $229,000. Finally, Retireful LLC bought a new position in Keysight Technologies during the 4th quarter valued at approximately $1,492,000. Institutional investors own 84.58% of the company's stock.
Keysight Technologies Stock Up 1.4 %
Shares of NYSE KEYS traded up $2.05 on Tuesday, reaching $146.79. 1,405,927 shares of the company's stock traded hands, compared to its average volume of 1,235,751. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The business's 50 day simple moving average is $153.43 and its two-hundred day simple moving average is $146.42. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 6.57 and a beta of 1.05. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25.
Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. As a group, equities research analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.
Insider Activity 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 transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on KEYS shares. Citigroup upped their price target on Keysight Technologies from $157.00 to $168.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Barclays upped their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $160.63.
Check Out Our Latest Report on KEYS
About Keysight Technologies
(
Free Report)
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.
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