Allianz SE Buys Shares of 49,462 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Allianz SE acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,462 shares of the aerospace company's stock, valued at approximately $1,312,000.

Several other institutional investors have also added to or reduced their stakes in KTOS. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 701,216 shares during the last quarter. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 6.1% during the third 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 in the last quarter. Geode Capital Management LLC raised its position in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Kratos Defense & Security Solutions by 12.2% in 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 period. Finally, American Capital Management Inc. boosted its position in Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock valued at $62,792,000 after acquiring an additional 305,925 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent analyst reports. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group lifted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded down $0.77 during trading on Thursday, reaching $30.39. 665,711 shares of the company's stock traded hands, compared to its average volume of 1,548,317. The firm's 50-day moving average is $30.06 and its 200 day moving average is $27.58. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66. The company has a market capitalization of $4.64 billion, a P/E ratio of 303.93 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares in the company, valued at $12,118,686.76. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares of the company's stock, valued at $2,057,340.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,196 shares of company stock valued at $2,903,610 over the last 90 days. 2.27% of the stock is owned by insiders.

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.