Franklin Resources Inc. Sells 22,331 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Franklin Resources Inc. cut its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,287 shares of the scientific and technical instruments company's stock after selling 22,331 shares during the period. Franklin Resources Inc.'s holdings in Keysight Technologies were worth $5,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after purchasing an additional 2,260 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock worth $8,896,000 after buying an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Keysight Technologies by 26.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock valued at $3,018,000 after buying an additional 3,857 shares during the period. Portfolio Design Labs LLC boosted its stake in Keysight Technologies by 17.7% in the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock valued at $697,411,000 after acquiring an additional 323,235 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

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Insider Activity

In other news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. The trade was a 3.06 % 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. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Down 1.1 %

Shares of KEYS traded down $1.53 on Wednesday, hitting $135.37. The company's stock had a trading volume of 85,581 shares, compared to its average volume of 1,149,350. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 2.41 and a beta of 1.12. The firm's fifty day moving average price is $156.21 and its 200-day moving average price is $160.85. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $184.44.

Keysight Technologies Company 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.