Gerber Kawasaki Wealth & Investment Management Takes $457,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Gerber Kawasaki Wealth & Investment Management bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,313 shares of the aerospace company's stock, valued at approximately $457,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after purchasing an additional 701,216 shares during the last quarter. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 9.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock valued at $54,845,000 after purchasing an additional 172,030 shares during the last quarter. Finally, Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $46,789,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded down $0.64 on Wednesday, reaching $33.78. 1,468,372 shares of the company were exchanged, compared to its average volume of 1,622,126. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.76 and a 1-year high of $35.66. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 337.83 and a beta of 1.01. The company has a 50-day moving average of $30.24 and a 200-day moving average of $28.73.

Analyst Ratings Changes

KTOS has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.13.

Insider Buying and Selling

In related news, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 approximately $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the transaction, the insider now directly owns 106,906 shares in the company, valued at approximately $3,515,069.28. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,168 shares of company stock worth $2,293,480 in the last three months. Corporate 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.