Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stake Raised by Fmr LLC

FMR LLC increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,340,795 shares of the aerospace company's stock after buying an additional 307,907 shares during the period. FMR LLC owned about 2.87% of Kratos Defense & Security Solutions worth $114,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in shares of Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock valued at $6,363,000 after acquiring an additional 192,667 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Kratos Defense & Security Solutions by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock worth $495,000 after buying an additional 4,638 shares during the last quarter. Franklin Resources Inc. boosted 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 acquiring an additional 304,088 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after acquiring an additional 86,567 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the transaction, the insider now owns 365,461 shares of the company's stock, valued at $12,118,686.76. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares of the company's stock, valued at $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,168 shares of company stock worth $2,525,600. 2.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of research reports. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Robert W. Baird raised 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. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Royal Bank of Canada reduced their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Kratos Defense & Security Solutions Stock Down 0.5 %

Shares of NASDAQ:KTOS traded down $0.18 during midday trading on Friday, reaching $33.09. The company had a trading volume of 2,131,494 shares, compared to its average volume of 1,609,019. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. 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 stock has a market capitalization of $5.06 billion, a P/E ratio of 330.93 and a beta of 1.01. The stock's fifty day moving average price is $29.48 and its 200-day moving average price is $28.31.

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.