Barclays PLC Has $10.83 Million Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Barclays PLC raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 410,481 shares of the aerospace company's stock after buying an additional 137,381 shares during the quarter. Barclays PLC owned about 0.27% of Kratos Defense & Security Solutions worth $10,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its position in Kratos Defense & Security Solutions by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 490 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Kratos Defense & Security Solutions by 60.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 433,265 shares of the aerospace company's stock valued at $11,430,000 after purchasing an additional 162,444 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 653.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 2,307 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 11.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 14,033 shares of the aerospace company's stock worth $370,000 after buying an additional 1,474 shares during the period. Finally, CenterBook Partners LP bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $581,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $33.16, for a total value of $232,120.00. Following the transaction, the insider now directly owns 365,461 shares of the company's stock, valued at $12,118,686.76. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.88, for a total value of $131,520.00. Following the transaction, the insider now owns 106,906 shares in the company, valued at $3,515,069.28. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,168 shares of company stock valued at $2,525,600. Company insiders own 2.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial raised their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.33.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.30 during mid-day trading on Friday, hitting $33.59. 1,461,844 shares of the company's stock traded hands, compared to its average volume of 1,625,500. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $35.66. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 335.93 and a beta of 1.01. The firm has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $28.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

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.