Sei Investments Co. Has $19.13 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sei Investments Co. cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 724,977 shares of the aerospace company's stock after selling 56,376 shares during the period. Sei Investments Co. owned approximately 0.48% of Kratos Defense & Security Solutions worth $19,125,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KTOS. Raymond James Financial Inc. purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at about $28,944,000. TimesSquare Capital Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $15,617,000. Van ECK Associates Corp boosted its stake in Kratos Defense & Security Solutions by 45.3% in the 4th quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company's stock worth $34,087,000 after purchasing an additional 402,588 shares during the period. American Capital Management Inc. grew its position in Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after purchasing an additional 305,925 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after buying an additional 304,088 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider David M. Carter sold 4,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the sale, the insider now directly owns 103,430 shares in the company, valued at approximately $2,739,860.70. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,196 shares of company stock valued at $2,962,300 over the last quarter. Insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Stock Down 1.3 %

NASDAQ:KTOS traded down $0.39 during trading hours on Tuesday, reaching $29.30. The company's stock had a trading volume of 2,025,623 shares, compared to its average volume of 1,548,001. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 293.03 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. The business's 50-day moving average is $30.14 and its 200-day moving average is $27.56.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KTOS. Robert W. Baird increased their price objective on 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Monday. Jefferies Financial Group boosted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. 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.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price 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.