Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 48.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,729 shares of the aerospace company's stock after purchasing an additional 11,708 shares during the quarter. Victory Capital Management Inc.'s holdings in Kratos Defense & Security Solutions were worth $943,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TimesSquare Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $15,617,000. Van ECK Associates Corp increased its stake in Kratos Defense & Security Solutions by 45.3% during the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company's stock worth $34,087,000 after acquiring an additional 402,588 shares during the last quarter. American Capital Management Inc. raised its position in Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock valued at $62,792,000 after purchasing an additional 305,925 shares during the period. Franklin Resources Inc. grew its position in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock valued at $70,951,000 after acquiring an additional 304,088 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $6,310,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

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Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the completion of the sale, the insider now owns 342,407 shares of the company's stock, valued at $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,196 shares of company stock valued at $3,144,160 over the last quarter. Company insiders own 2.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KTOS. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Stock Up 5.6 %

NASDAQ KTOS traded up $1.72 during trading hours on Monday, hitting $32.53. The company had a trading volume of 2,989,668 shares, compared to its average volume of 1,470,693. The firm's 50 day moving average is $30.45 and its 200 day moving average is $27.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 325.33 and a beta of 1.12.

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.