Envestnet Asset Management Inc. Has $6.36 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Envestnet Asset Management Inc. raised its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,133 shares of the aerospace company's stock after buying an additional 35,433 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Kratos Defense & Security Solutions worth $6,361,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KTOS. MRP Capital Investments LLC increased its holdings in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock worth $1,156,000 after purchasing an additional 586 shares during the period. Jones Financial Companies Lllp raised its holdings 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 worth $34,000 after buying an additional 610 shares during the period. ORG Partners LLC lifted its holdings in Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after buying an additional 621 shares in the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after buying an additional 631 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares of the company's stock, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the transaction, the senior vice president now owns 60,443 shares of the company's stock, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,168 shares of company stock worth $2,525,600. 2.37% of the stock is owned by insiders.

Kratos Defense & Security Solutions Trading Up 1.6 %

Shares of NASDAQ:KTOS traded up $0.53 during midday trading on Thursday, reaching $33.49. The company's stock had a trading volume of 1,029,101 shares, compared to its average volume of 1,618,499. 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 firm has a market cap of $5.12 billion, a price-to-earnings ratio of 335.33 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66. The business has a 50 day moving average price of $29.69 and a 200 day moving average price of $28.46.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada cut their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.33.

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.