Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 74.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,735 shares of the scientific and technical instruments company’s stock after selling 136,055 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Keysight Technologies were worth $7,658,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Keysight Technologies by 0.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock valued at $2,296,000 after purchasing an additional 57 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of Keysight Technologies by 0.4% in the second quarter. Sumitomo Life Insurance Co. now owns 14,996 shares of the scientific and technical instruments company’s stock valued at $2,511,000 after purchasing an additional 58 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Keysight Technologies by 0.4% in the first quarter. Putnam Investments LLC now owns 19,634 shares of the scientific and technical instruments company’s stock valued at $3,170,000 after purchasing an additional 74 shares in the last quarter. Cumberland Partners Ltd grew its holdings in shares of Keysight Technologies by 0.3% in the first quarter. Cumberland Partners Ltd now owns 27,875 shares of the scientific and technical instruments company’s stock valued at $4,501,000 after purchasing an additional 75 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Keysight Technologies by 0.4% in the second quarter. Czech National Bank now owns 21,088 shares of the scientific and technical instruments company’s stock valued at $3,531,000 after purchasing an additional 78 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays cut shares of Keysight Technologies from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $204.00 to $144.00 in a report on Friday, August 18th. Wells Fargo & Company lowered their price target on shares of Keysight Technologies from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, August 18th. StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Monday. Citigroup lowered their price target on shares of Keysight Technologies from $200.00 to $174.00 and set a “buy” rating for the company in a report on Friday, August 18th. Finally, The Goldman Sachs Group upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $146.00 to $164.00 in a report on Monday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $176.55.

Keysight Technologies Stock Down 1.0 %

Shares of NYSE:KEYS opened at $120.80 on Thursday. The firm has a 50 day simple moving average of $129.43 and a 200-day simple moving average of $147.32. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $189.45. The company has a market capitalization of $21.45 billion, a PE ratio of 19.17, a P/E/G ratio of 2.73 and a beta of 1.06. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.37.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Thursday, August 17th. The scientific and technical instruments company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.89 by $0.15. Keysight Technologies had a net margin of 20.19% and a return on equity of 30.56%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. On average, equities analysts predict that Keysight Technologies, Inc. will post 7.52 EPS for the current fiscal year.

Keysight Technologies 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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.