Charles Schwab Investment Management Inc. Boosts Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498,849 shares of the aerospace company's stock after purchasing an additional 35,421 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of Kratos Defense & Security Solutions worth $34,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KTOS. Contravisory Investment Management Inc. raised its stake in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock worth $25,000 after buying an additional 444 shares during the period. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after buying an additional 920 shares during the period. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $53,000. Institutional investors own 75.92% of the company's stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This represents a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now owns 349,406 shares in the company, valued at $9,262,753.06. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,620 shares of company stock valued at $1,503,670 in the last 90 days. Insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Trading Up 6.0 %

Shares of NASDAQ KTOS traded up $1.59 during midday trading on Wednesday, reaching $27.95. The company had a trading volume of 1,117,237 shares, compared to its average volume of 1,129,867. The firm's fifty day moving average price is $24.99 and its 200-day moving average price is $22.59. The stock has a market cap of $4.22 billion, a PE ratio of 263.63 and a beta of 1.07. 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, Inc. has a one year low of $16.71 and a one year high of $28.62.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KTOS. Truist Financial reissued a "buy" rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Benchmark restated a "buy" rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price target 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. Six investment 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $25.40.

About Kratos Defense & Security Solutions

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.