Eagle Ridge Investment Management Sells 1,269 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Eagle Ridge Investment Management reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 153,819 shares of the scientific and technical instruments company’s stock after selling 1,269 shares during the period. Keysight Technologies accounts for approximately 2.2% of Eagle Ridge Investment Management’s portfolio, making the stock its 16th largest holding. Eagle Ridge Investment Management owned approximately 0.09% of Keysight Technologies worth $24,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies during the 3rd quarter valued at about $29,000. Goodman Advisory Group LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 158 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $57,000. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Up 0.1 %

Shares of KEYS opened at $177.66 on Friday. The firm has a market cap of $30.72 billion, a P/E ratio of 50.76, a P/E/G ratio of 2.26 and a beta of 1.02. The stock has a 50 day simple moving average of $167.55 and a two-hundred day simple moving average of $156.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $180.26.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 595 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total value of $101,923.50. Following the completion of the sale, the senior vice president now owns 35,912 shares in the company, valued at approximately $6,151,725.60. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lisa M. Poole sold 350 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the completion of the sale, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. The trade was a 6.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,063 shares of company stock valued at $5,573,941 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on KEYS shares. Morgan Stanley lifted their target price on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Susquehanna reissued a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Bank of America boosted their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.80.

About Keysight Technologies

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.