Daiwa Securities Group Inc. Sells 5,443 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Daiwa Securities Group Inc. reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,087 shares of the aerospace company’s stock after selling 5,443 shares during the period. Daiwa Securities Group Inc. owned 0.07% of Kratos Defense & Security Solutions worth $2,449,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KTOS. Comerica Bank boosted its holdings in Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after buying an additional 42,817 shares during the last quarter. L & S Advisors Inc bought a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $1,220,000. GSA Capital Partners LLP acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $607,000. Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after purchasing an additional 316,500 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the completion of the sale, the chief financial officer now owns 285,905 shares in the company, valued at approximately $6,407,131.05. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,620 shares of company stock valued at $1,727,730. Insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KTOS. Truist Financial reissued a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, JMP Securities raised their target price 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. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Down 1.1 %

Kratos Defense & Security Solutions stock opened at $26.95 on Thursday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. The firm has a 50-day moving average of $24.70 and a 200-day moving average of $22.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62.

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.