Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Increased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. raised its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,276 shares of the aerospace company's stock after purchasing an additional 70,293 shares during the quarter. EFG Asset Management North America Corp. owned 0.13% of Kratos Defense & Security Solutions worth $4,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KTOS. Victory Capital Management Inc. lifted its position in Kratos Defense & Security Solutions by 27.0% in the 3rd quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company's stock valued at $560,000 after acquiring an additional 5,101 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 16.7% during the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company's stock valued at $415,000 after buying an additional 2,546 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Kratos Defense & Security Solutions by 12.0% in the 3rd quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company's stock worth $1,908,000 after buying an additional 8,799 shares in the last quarter. Intech Investment Management LLC purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth about $826,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company's stock valued at $34,923,000 after acquiring an additional 35,421 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on KTOS shares. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. Finally, Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company's stock, valued at $2,057,340.60. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,196 shares of company stock valued at $3,144,160 over the last quarter. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Down 2.5 %

KTOS stock traded down $0.79 during trading on Friday, hitting $30.68. The company had a trading volume of 3,258,768 shares, compared to its average volume of 1,539,522. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.69 billion, a P/E ratio of 306.83 and a beta of 1.12. The company has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $27.41. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66.

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.