Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,267 shares of the aerospace company's stock after purchasing an additional 7,683 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Kratos Defense & Security Solutions were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management boosted its position in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $39,000. Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $53,000. Finally, Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded down $0.89 during trading hours on Friday, reaching $30.81. The company had a trading volume of 34,276,290 shares, compared to its average volume of 1,464,594. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.05 and a 12-month high of $35.66. The firm has a 50 day simple moving average of $30.45 and a 200-day simple moving average of $27.05. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of 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. Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird boosted 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 report on Tuesday, January 14th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the sale, the senior vice president now owns 61,782 shares in the company, valued at $2,057,340.60. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $25.98, for a total transaction of $181,860.00. Following the transaction, the insider now owns 342,407 shares of the company's stock, valued at approximately $8,895,733.86. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,196 shares of company stock worth $3,144,160 over the last 90 days. Company insiders own 2.27% of the company's stock.

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.