KLP Kapitalforvaltning AS Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

KLP Kapitalforvaltning AS purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,700 shares of the aerospace company's stock, valued at approximately $810,000.

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in 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 worth $34,923,000 after buying an additional 35,421 shares during the last quarter. FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after buying an additional 233,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kratos Defense & Security Solutions by 6.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,584 shares of the aerospace company's stock worth $783,000 after purchasing an additional 2,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kratos Defense & Security Solutions by 8.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,051 shares of the aerospace company's stock valued at $6,315,000 after buying an additional 20,311 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $6,310,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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Kratos Defense & Security Solutions Stock Down 2.4 %

NASDAQ KTOS traded down $0.74 during trading hours on Thursday, reaching $30.42. 1,980,557 shares of the company's stock were exchanged, compared to its average volume of 1,553,385. 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 quick ratio of 2.61 and a current ratio of 3.22. The company's 50-day moving average is $30.06 and its two-hundred day moving average is $27.58. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 304.23 and a beta of 1.12.

Insider Activity 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 stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,196 shares of company stock valued at $2,903,610. Corporate insiders own 2.27% of the company's stock.

Analyst Ratings Changes

KTOS has been the subject of several recent research reports. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Monday. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Royal Bank of Canada lowered their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Four 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Company 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.