Allspring Global Investments Holdings LLC Purchases 42,289 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Allspring Global Investments Holdings LLC grew its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 512.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,539 shares of the scientific and technical instruments company’s stock after purchasing an additional 42,289 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Keysight Technologies were worth $8,129,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Creative Planning grew its position in Keysight Technologies by 11.4% in the third quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company’s stock worth $3,318,000 after acquiring an additional 2,138 shares in the last quarter. Swedbank AB raised its holdings in shares of Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after buying an additional 292,372 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in Keysight Technologies by 4.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,708 shares of the scientific and technical instruments company’s stock worth $589,000 after buying an additional 144 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in Keysight Technologies in the third quarter worth approximately $207,000. Finally, OLD National Bancorp IN raised its stake in shares of Keysight Technologies by 16.5% during the third quarter. OLD National Bancorp IN now owns 2,050 shares of the scientific and technical instruments company’s stock worth $326,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the transaction, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock worth $5,573,941 in the last three months. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KEYS shares. Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird raised their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Stock Up 0.8 %

KEYS opened at $184.85 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $185.12. The firm’s 50 day simple moving average is $168.60 and its two-hundred day simple moving average is $158.57. The company has a market capitalization of $31.96 billion, a PE ratio of 52.81, a PEG ratio of 2.25 and a beta of 1.02.

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.