Intech Investment Management LLC Purchases Shares of 35,461 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Intech Investment Management LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 35,461 shares of the aerospace company's stock, valued at approximately $826,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at approximately $46,177,000. Van ECK Associates Corp raised its holdings in shares of Kratos Defense & Security Solutions by 101.9% during the second quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company's stock valued at $14,889,000 after acquiring an additional 375,608 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock worth $8,655,000 after acquiring an additional 316,500 shares during the period. Driehaus Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company's stock valued at $14,438,000 after acquiring an additional 245,422 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Kratos Defense & Security Solutions by 393.1% during the 2nd quarter. Marshall Wace LLP now owns 282,053 shares of the aerospace company's stock valued at $5,644,000 after purchasing an additional 224,850 shares during the period. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $0.14 during midday trading on Friday, reaching $27.09. 592,095 shares of the company's stock traded hands, compared to its average volume of 1,132,129. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62. The stock has a 50 day moving average of $24.78 and a 200 day moving average of $22.42. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 270.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.40, for a total transaction of $89,600.00. Following the completion of the transaction, the insider now directly owns 59,071 shares of the company's stock, valued at $1,323,190.40. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares of the company's stock, valued at approximately $1,370,621.56. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock valued at $1,727,730 over the last quarter. 2.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on KTOS shares. Truist Financial reaffirmed a "buy" rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a "market outperform" rating in a research report on Monday, November 11th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Robert W. Baird upped 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 analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.40.

Kratos Defense & Security Solutions Company 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.