Charles Schwab Investment Management Inc. Acquires 14,588 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Charles Schwab Investment Management Inc. increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,513,437 shares of the aerospace company's stock after buying an additional 14,588 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.00% of Kratos Defense & Security Solutions worth $39,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KTOS. Steward Partners Investment Advisory LLC boosted its holdings in Kratos Defense & Security Solutions by 6.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,331 shares of the aerospace company's stock valued at $1,038,000 after acquiring an additional 2,466 shares during the period. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $55,000. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares in the last quarter. West Michigan Advisors LLC purchased a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $272,000. Finally, US Bancorp DE lifted its position in Kratos Defense & Security Solutions by 19.5% during the 4th quarter. US Bancorp DE now owns 21,169 shares of the aerospace company's stock valued at $558,000 after acquiring an additional 3,452 shares during the period. 75.92% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Finally, Robert W. Baird upped 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 note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $1.16 during mid-day trading on Wednesday, reaching $32.41. 1,869,541 shares of the company traded hands, compared to its average volume of 1,335,945. The company's 50 day moving average price is $30.30 and its 200-day moving average price is $26.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a market cap of $4.95 billion, a PE ratio of 323.62 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.96 and a 52 week high of $35.66.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the sale, the insider now owns 103,430 shares in the company, valued at $2,739,860.70. The trade was a 3.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $31.38, for a total value of $188,280.00. Following the transaction, the insider now owns 293,897 shares of the company's stock, valued at approximately $9,222,487.86. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,196 shares of company stock worth $3,144,160. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Profile

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.