Eagle Ridge Investment Management Acquires 1,700 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Eagle Ridge Investment Management increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,088 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,700 shares during the quarter. Keysight Technologies makes up about 2.2% of Eagle Ridge Investment Management’s investment portfolio, making the stock its 18th biggest holding. Eagle Ridge Investment Management owned 0.09% of Keysight Technologies worth $24,648,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. acquired a new position in Keysight Technologies during the second quarter worth $30,000. Larson Financial Group LLC bought a new stake in Keysight Technologies during the first quarter worth $31,000. American National Bank & Trust acquired a new stake in Keysight Technologies in the third quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

NYSE KEYS opened at $153.75 on Friday. The firm has a 50-day moving average price of $152.84 and a two-hundred day moving average price of $145.34. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The company has a market capitalization of $26.84 billion, a P/E ratio of 33.50, a P/E/G ratio of 5.28 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 earnings per share. Analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KEYS shares. Robert W. Baird dropped their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Susquehanna decreased their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Finally, Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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.