Wells Fargo & Company MN Grows Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Wells Fargo & Company MN increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,237 shares of the aerospace company's stock after acquiring an additional 16,577 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Kratos Defense & Security Solutions worth $3,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after buying an additional 192,667 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Kratos Defense & Security Solutions by 27.9% in the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock worth $495,000 after acquiring an additional 4,638 shares in the last quarter. Franklin Resources Inc. lifted its stake in Kratos Defense & Security Solutions by 12.2% in the third 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. Lord Abbett & CO. LLC increased its holdings in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after buying an additional 86,567 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Kratos Defense & Security Solutions by 1.5% during the third quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock worth $5,820,000 after purchasing an additional 3,770 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded up $0.30 during mid-day trading on Friday, reaching $33.59. 1,461,844 shares of the company were exchanged, compared to its average volume of 1,620,482. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.76 and a twelve month high of $35.66. The stock has a market capitalization of $5.15 billion, a P/E ratio of 335.93 and a beta of 1.01. The company's 50-day simple moving average is $29.94 and its 200-day simple moving average is $28.60. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KTOS shares. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Finally, StockNews.com lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.13.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total value of $197,940.00. Following the completion of the transaction, the insider now owns 288,048 shares of the company's stock, valued at $9,502,703.52. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the sale, the insider now owns 365,461 shares in the company, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,168 shares of company stock worth $2,525,600. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions 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.