IQ EQ FUND MANAGEMENT IRELAND Ltd Has $905,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 219.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,288 shares of the aerospace company's stock after acquiring an additional 23,547 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Kratos Defense & Security Solutions were worth $905,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Kratos Defense & Security Solutions by 49.7% during the fourth quarter. JPMorgan Chase & Co. now owns 373,974 shares of the aerospace company's stock worth $9,865,000 after purchasing an additional 124,193 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $15,631,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 47.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 22,850 shares of the aerospace company's stock valued at $603,000 after buying an additional 7,350 shares during the period. EFG Asset Management North America Corp. boosted its stake in Kratos Defense & Security Solutions by 59.1% during the fourth quarter. EFG Asset Management North America Corp. now owns 189,276 shares of the aerospace company's stock valued at $4,994,000 after buying an additional 70,293 shares in the last quarter. Finally, Rovida Investment Management Ltd acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $46,789,000. Institutional investors and hedge funds own 75.92% of the company's stock.

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Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric M. Demarco bought 9,500 shares of the business's stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $26.35 per share, with a total value of $250,325.00. Following the transaction, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This represents a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 103,196 shares of company stock valued at $2,962,300 in the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 0.5 %

Shares of KTOS stock traded down $0.16 on Tuesday, reaching $29.54. 521,804 shares of the company's stock traded hands, compared to its average volume of 1,540,547. The business's 50 day moving average price is $30.26 and its two-hundred day moving average price is $27.51. The company has a market capitalization of $4.51 billion, a P/E ratio of 295.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.05 and a 12-month high of $35.66.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

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.