Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,799 shares of the aerospace company's stock after selling 33,752 shares during the period. First Trust Advisors LP owned 0.19% of Kratos Defense & Security Solutions worth $7,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 490 shares during the last quarter. MRP Capital Investments LLC lifted its position in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System boosted its stake in Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock worth $1,156,000 after buying an additional 586 shares during the period. Jones Financial Companies Lllp increased its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Finally, ORG Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after acquiring an additional 621 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KTOS shares. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Friday. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Finally, Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and an average price target of $34.13.

Kratos Defense & Security Solutions Stock Up 3.9 %

Shares of KTOS stock traded up $1.36 on Friday, hitting $36.29. The stock had a trading volume of 2,299,871 shares, compared to its average volume of 1,629,996. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $36.85. The business has a 50 day moving average price of $30.85 and a 200 day moving average price of $28.90. The company has a market cap of $5.56 billion, a PE ratio of 362.94 and a beta of 1.01.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the completion of the transaction, the insider now directly owns 106,906 shares in the company, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the sale, the senior vice president now owns 60,443 shares in the company, valued at $1,639,214.16. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,168 shares of company stock valued at $2,866,800. Company insiders own 2.37% of the company's stock.

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.