Sumitomo Mitsui Trust Group Inc. Has $55.05 Million Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sumitomo Mitsui Trust Group Inc. decreased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,362,467 shares of the aerospace company's stock after selling 244,405 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 1.56% of Kratos Defense & Security Solutions worth $55,045,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock valued at $25,000 after buying an additional 444 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth about $36,000. Finally, EntryPoint Capital LLC grew its holdings in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company's stock worth $43,000 after acquiring an additional 1,506 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Down 3.4 %

KTOS traded down $0.86 during trading hours on Friday, hitting $24.42. 1,394,579 shares of the company's stock were exchanged, compared to its average volume of 1,050,472. 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 1-year low of $16.71 and a 1-year high of $28.62. The stock's 50-day moving average is $24.07 and its two-hundred day moving average is $21.97. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 244.20 and a beta of 1.02.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares of the company's stock, valued at approximately $1,370,621.56. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 6,603 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the sale, the insider now owns 23,848 shares of the company's stock, valued at approximately $593,338.24. This trade represents a 21.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,700,220 in the last 90 days. Corporate insiders own 2.27% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent research reports. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a "market outperform" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average price target of $25.40.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.