Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,000 shares of the aerospace company’s stock after selling 2,000 shares during the period. Swiss National Bank’s holdings in Kratos Defense & Security Solutions were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kratos Defense & Security Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after purchasing an additional 136,696 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares during the period. Westwood Holdings Group Inc. grew its position in Kratos Defense & Security Solutions by 0.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after buying an additional 19,104 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Kratos Defense & Security Solutions by 19.5% in the third quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock valued at $21,358,000 after buying an additional 145,462 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on KTOS. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird lifted their target price on shares of 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. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Truist Financial reiterated a “buy” rating and set 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 issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Stock Up 3.1 %

KTOS stock opened at $27.24 on Wednesday. The company’s 50 day moving average is $24.53 and its two-hundred day moving average is $22.31. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.12 billion, a P/E ratio of 264.13 and a beta of 1.02.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The trade was a 2.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total transaction of $134,460.00. Following the completion of the sale, the chief financial officer now directly owns 285,905 shares of the company’s stock, valued at $6,407,131.05. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,620 shares of company stock worth $1,542,160 over the last 90 days. Corporate insiders own 2.27% of the company’s stock.

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.