UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 20,311 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,051 shares of the aerospace company's stock after acquiring an additional 20,311 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Kratos Defense & Security Solutions worth $6,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Kratos Defense & Security Solutions by 48.4% in the second quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company's stock worth $258,000 after purchasing an additional 4,210 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 3.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 66,520 shares of the aerospace company's stock valued at $1,331,000 after buying an additional 2,493 shares during the period. ORG Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 184,833.3% in the 2nd quarter. ORG Partners LLC now owns 27,740 shares of the aerospace company's stock valued at $548,000 after buying an additional 27,725 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Kratos Defense & Security Solutions by 272.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock worth $8,655,000 after acquiring an additional 316,500 shares during the period. Finally, LA Financiere DE L Echiquier boosted its position in shares of Kratos Defense & Security Solutions by 131.8% during the 2nd quarter. LA Financiere DE L Echiquier now owns 88,100 shares of the aerospace company's stock worth $1,763,000 after acquiring an additional 50,100 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $106,920.00. Following the completion of the transaction, the insider now owns 47,007 shares of the company's stock, valued at $1,256,497.11. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now owns 61,963 shares in the company, valued at approximately $1,370,621.56. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,620 shares of company stock worth $1,770,970. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Down 0.1 %

NASDAQ KTOS traded down $0.03 on Wednesday, reaching $27.34. The company had a trading volume of 635,121 shares, compared to its average volume of 1,125,527. The business has a 50 day moving average of $25.44 and a two-hundred day moving average of $22.83. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 273.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

A number of research analysts recently issued reports on KTOS shares. B. Riley downgraded shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. JMP Securities lifted their price target 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. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Truist Financial reaffirmed a "buy" rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark reissued a "buy" rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $25.40.

About Kratos Defense & Security Solutions

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.