Fmr LLC Has $93.97 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

FMR LLC grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,032,888 shares of the aerospace company's stock after buying an additional 233,051 shares during the quarter. FMR LLC owned approximately 2.67% of Kratos Defense & Security Solutions worth $93,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth about $39,000. Managed Asset Portfolios LLC grew its holdings in shares of Kratos Defense & Security Solutions by 2.3% during the 3rd quarter. Managed Asset Portfolios LLC now owns 754,761 shares of the aerospace company's stock valued at $17,586,000 after acquiring an additional 16,696 shares in the last quarter. Citigroup Inc. increased its stake in shares of Kratos Defense & Security Solutions by 55.9% in the third quarter. Citigroup Inc. now owns 299,806 shares of the aerospace company's stock worth $6,985,000 after acquiring an additional 107,530 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Kratos Defense & Security Solutions by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company's stock worth $34,923,000 after purchasing an additional 35,421 shares during the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $1,220,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. B. Riley downgraded Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Truist Financial restated 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. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Finally, StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $25.40.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 6,603 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total value of $164,282.64. Following the transaction, the insider now directly owns 23,848 shares in the company, valued at $593,338.24. The trade was a 21.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,620 shares of company stock valued at $1,770,970. Corporate insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $0.69 during midday trading on Friday, reaching $27.99. 840,008 shares of the company's stock were exchanged, compared to its average volume of 1,129,028. 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 business has a 50-day simple moving average of $25.17 and a two-hundred day simple moving average of $22.66. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 279.90 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62.

Kratos Defense & Security Solutions Profile

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.