Nikko Asset Management Americas Inc. Sells 369,762 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Nikko Asset Management Americas Inc. reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,986,388 shares of the aerospace company's stock after selling 369,762 shares during the period. Nikko Asset Management Americas Inc. owned about 1.31% of Kratos Defense & Security Solutions worth $52,401,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $461,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $207,000. Lord Abbett & CO. LLC raised its stake in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after buying an additional 86,567 shares during the period. MRA Advisory Group purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $448,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock valued at $801,000 after acquiring an additional 16,650 shares during the period. 75.92% of the stock is currently owned by institutional investors.

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Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded down $0.89 during midday trading on Friday, reaching $30.81. 34,276,290 shares of the stock traded hands, compared to its average volume of 1,483,375. The company has a quick ratio of 2.61, a current ratio of 3.22 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 stock's fifty day moving average is $30.43 and its 200-day moving average is $26.96. The stock has a market cap of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12.

Insider Activity

In other news, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the completion of the sale, the insider now directly owns 293,897 shares of the company's stock, valued at $9,222,487.86. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the transaction, the senior vice president now owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,196 shares of company stock worth $3,144,160. 2.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on KTOS shares. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Jefferies Financial Group raised 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. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued 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.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus 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.