Swiss National Bank Sells 2,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Swiss National Bank reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 293,000 shares of the aerospace company’s stock after selling 2,000 shares during the quarter. Swiss National Bank owned approximately 0.19% of Kratos Defense & Security Solutions worth $6,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new position in shares of Kratos Defense & Security Solutions in the first quarter worth about $46,177,000. Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares during the period. Van ECK Associates Corp lifted its holdings in Kratos Defense & Security Solutions by 101.9% during the second quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock valued at $14,889,000 after purchasing an additional 375,608 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after purchasing an additional 316,500 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock worth $14,438,000 after purchasing an additional 245,422 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $27.24 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62. The firm has a market capitalization of $4.12 billion, a P/E ratio of 264.13 and a beta of 1.02. The company has a fifty day simple moving average of $24.53 and a two-hundred day simple moving average of $22.31. 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 Ratings Changes

KTOS has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the sale, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 21.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the transaction, the chief financial officer now owns 285,905 shares of the company’s stock, valued at $6,407,131.05. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,620 shares of company stock worth $1,542,160. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Profile

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.