Charles Schwab Investment Management Inc. Has $39.92 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Charles Schwab Investment Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,513,437 shares of the aerospace company’s stock after acquiring an additional 14,588 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $39,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new position in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC increased its position in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares during the last quarter. MRA Advisory Group acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 121.3% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after buying an additional 16,650 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco purchased 9,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $26.35 per share, with a total value of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the sale, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,181 shares of company stock valued at $3,256,346 in the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.1 %

KTOS stock opened at $30.43 on Friday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The company has a market capitalization of $4.65 billion, a PE ratio of 304.33 and a beta of 1.12. The company’s 50-day simple moving average is $30.20 and its 200 day simple moving average is $26.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KTOS. Royal Bank of Canada lowered their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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.