Advisory Services Network LLC Acquires New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Advisory Services Network LLC bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,739 shares of the aerospace company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTOS. Rovida Investment Management Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $46,789,000. Raymond James Financial Inc. acquired a new position in Kratos Defense & Security Solutions in the 4th quarter valued at approximately $28,944,000. Vanguard Group Inc. raised its holdings in Kratos Defense & Security Solutions by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after acquiring an additional 701,216 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $15,631,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $15,617,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KTOS. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Truist Financial increased their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.33.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the sale, the insider now owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,168 shares of company stock valued at $2,525,600. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $0.20 during trading on Tuesday, reaching $32.12. The company's stock had a trading volume of 1,709,367 shares, compared to its average volume of 1,613,370. The stock has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $28.42. The stock has a market capitalization of $4.91 billion, a P/E ratio of 321.23 and a beta of 1.01. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.