State Street Corp Grows Stock Holdings in Telos Co. (NASDAQ:TLS)

State Street Corp lifted its stake in shares of Telos Co. (NASDAQ:TLS - Free Report) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 933,156 shares of the company's stock after acquiring an additional 198,676 shares during the period. State Street Corp owned 1.29% of Telos worth $3,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Telos by 1,396.5% during the second quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company's stock worth $727,000 after acquiring an additional 168,813 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Telos by 22.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company's stock worth $4,118,000 after purchasing an additional 190,700 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Telos by 28.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company's stock worth $3,015,000 after purchasing an additional 186,059 shares during the last quarter. US Bancorp DE purchased a new stake in Telos in the 3rd quarter valued at about $39,000. Finally, American Century Companies Inc. lifted its position in Telos by 11.5% in the second quarter. American Century Companies Inc. now owns 79,988 shares of the company's stock valued at $322,000 after buying an additional 8,229 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lifted their price target on shares of Telos from $3.00 to $4.50 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.50.

Telos Trading Down 0.3 %

NASDAQ TLS traded down $0.01 during trading on Tuesday, hitting $3.42. The stock had a trading volume of 355,342 shares, compared to its average volume of 565,498. The company has a market capitalization of $247.54 million, a PE ratio of -4.89 and a beta of 0.92. Telos Co. has a twelve month low of $1.89 and a twelve month high of $5.03. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.59.

About Telos

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.