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Barclays Reduces Stake in Spirent Communications

Story Highlights
  • Spirent Communications operates in telecommunications, offering testing and analytics solutions.
  • Barclays reduced its voting rights in Spirent from 7.87% to 5.01%, impacting market dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Barclays Reduces Stake in Spirent Communications

Confident Investing Starts Here:

An announcement from Spirent Communications ( (GB:SPT) ) is now available.

Spirent Communications has announced a change in its major holdings, with Barclays PLC reducing its voting rights from 7.87% to 5.01%. This adjustment reflects a significant disposal of shares, impacting the overall voting power Barclays holds in the company. The transaction highlights a shift in the investment strategy of Barclays, potentially affecting Spirent’s market dynamics and stakeholder interests.

The most recent analyst rating on (GB:SPT) stock is a Buy with a £2.25 price target. To see the full list of analyst forecasts on Spirent Communications stock, see the GB:SPT Stock Forecast page.

More about Spirent Communications

Spirent Communications PLC is a UK-based company operating in the telecommunications industry, providing testing, assurance, and analytics solutions for next-generation devices and networks. The company focuses on helping its clients optimize their network performance and ensure the reliability of their communications infrastructure.

Average Trading Volume: 2,472,543

Technical Sentiment Signal: Buy

Current Market Cap: £1.1B

For a thorough assessment of SPT stock, go to TipRanks’ Stock Analysis page.

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