ARS Investment Partners LLC decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,067,829 shares of the aerospace company’s stock after selling 193,001 shares during the period. Kratos Defense & Security Solutions accounts for about 2.5% of ARS Investment Partners LLC’s holdings, making the stock its 13th largest holding. ARS Investment Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $28,169,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Kratos Defense & Security Solutions by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after buying an additional 136,696 shares in the last quarter. FMR LLC grew its stake in shares of Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after buying an additional 233,051 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares during the last quarter. Franklin Resources Inc. raised its stake in Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after buying an additional 304,088 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 5.5% in the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after acquiring an additional 139,853 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on KTOS. Jefferies Financial Group lifted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.30.
Insider Transactions at Kratos Defense & Security Solutions
In other news, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the transaction, the senior vice president now directly owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock valued at $2,661,646 over the last three months. Corporate insiders own 2.27% of the company’s stock.
Kratos Defense & Security Solutions Stock Up 0.0 %
KTOS stock opened at $33.62 on Tuesday. The business’s 50-day moving average price is $27.62 and its 200-day moving average price is $24.39. The stock has a market cap of $5.08 billion, a P/E ratio of 336.23 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $34.83. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.
Kratos Defense & Security Solutions Profile
Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.
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