Rockefeller Capital Management L.P. Grows Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rockefeller Capital Management L.P. increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,265 shares of the aerospace company's stock after buying an additional 162,444 shares during the period. Rockefeller Capital Management L.P. owned about 0.29% of Kratos Defense & Security Solutions worth $11,430,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th 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 in the last quarter. 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 purchasing an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $53,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $55,000. Finally, MRP Capital Investments LLC grew its stake in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded down $0.18 during mid-day trading on Friday, hitting $33.09. The stock had a trading volume of 2,131,494 shares, compared to its average volume of 1,609,019. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.06 billion, a P/E ratio of 330.93 and a beta of 1.01. The firm's 50 day moving average is $29.46 and its 200 day moving average is $28.25. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KTOS. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Royal Bank of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total value of $197,940.00. Following the sale, the insider now directly owns 288,048 shares of the company's stock, valued at $9,502,703.52. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,168 shares of company stock worth $2,525,600 over the last quarter. Company insiders own 2.37% of the company's stock.

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.