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

Allspring Global Investments Holdings LLC raised its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 512.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,539 shares of the scientific and technical instruments company's stock after acquiring an additional 42,289 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Keysight Technologies were worth $8,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEYS. Truvestments Capital LLC purchased a new position in Keysight Technologies in the third quarter valued at about $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies in the third quarter valued at about $29,000. Goodman Advisory Group LLC purchased a new position in Keysight Technologies in the third quarter valued at about $35,000. Groupama Asset Managment boosted its stake in Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 9,437 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Keysight Technologies in the third quarter valued at about $57,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 17,822 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Lisa M. Poole sold 350 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,063 shares of company stock worth $5,573,941 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KEYS. StockNews.com cut shares of Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Bank of America upped their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, November 20th. Susquehanna restated a "positive" rating and set a $185.00 price target on shares of Keysight Technologies in a research note on Wednesday, November 20th. Barclays upped their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $180.80.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded down $9.57 during mid-day trading on Friday, reaching $175.33. 1,847,340 shares of the company were exchanged, compared to its average volume of 922,211. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20. The company's 50 day moving average price is $169.60 and its 200 day moving average price is $159.35. The stock has a market capitalization of $30.32 billion, a PE ratio of 50.10, a PEG ratio of 2.41 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

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.