Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 191.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,557 shares of the aerospace company's stock after buying an additional 164,711 shares during the period. Deutsche Bank AG owned approximately 0.17% of Kratos Defense & Security Solutions worth $6,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rovida Investment Management Ltd bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $46,789,000. Raymond James Financial Inc. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $28,944,000. Lord Abbett & CO. LLC grew its position in Kratos Defense & Security Solutions by 140.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after buying an additional 934,455 shares in the last quarter. Voya Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 435.3% during the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock valued at $24,893,000 after buying an additional 767,345 shares during the period. Finally, Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after buying an additional 701,216 shares during the period. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KTOS shares. Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Benchmark upped their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on 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. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.75.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the sale, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. This represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the transaction, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This represents a 0.76% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 128,817 shares of company stock worth $4,007,207 over the last ninety days. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded down $1.41 during trading hours on Wednesday, hitting $34.33. 1,359,560 shares of the company were exchanged, compared to its average volume of 1,659,200. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market capitalization of $5.27 billion, a PE ratio of 343.33 and a beta of 1.03. The firm has a fifty day simple moving average of $32.62 and a 200-day simple moving average of $29.82. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Company 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.