Vanguard Group Inc. Has $388.30 Million Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,719,508 shares of the aerospace company's stock after purchasing an additional 701,216 shares during the quarter. Vanguard Group Inc. owned 9.74% of Kratos Defense & Security Solutions worth $388,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KTOS. FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 6.1% in the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after buying an additional 233,051 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. grew its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 9.0% during the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock valued at $41,398,000 after purchasing an additional 146,319 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Kratos Defense & Security Solutions by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,513,437 shares of the aerospace company's stock worth $39,924,000 after purchasing an additional 14,588 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Up 1.5 %

Kratos Defense & Security Solutions stock traded up $0.42 during mid-day trading on Monday, hitting $28.24. 3,121,998 shares of the company's stock were exchanged, compared to its average volume of 1,572,213. The firm has a market capitalization of $4.32 billion, a P/E ratio of 282.43 and a beta of 1.01. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company's 50 day simple moving average is $29.75 and its 200-day simple moving average is $27.75. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

Analyst Ratings Changes

KTOS has been the topic of several recent research reports. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Finally, Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.67.

Insider Activity

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the sale, the insider now directly owns 106,906 shares in the company, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares of the company's stock, valued at approximately $9,699,614.88. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,196 shares of company stock worth $2,963,450 over the last three months. Corporate insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Company Profile

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.