Guggenheim Capital LLC Sells 10,581 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Guggenheim Capital LLC reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 23.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,757 shares of the aerospace company's stock after selling 10,581 shares during the quarter. Guggenheim Capital LLC's holdings in Kratos Defense & Security Solutions were worth $891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WealthPlan Investment Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $207,000. Lord Abbett & CO. LLC grew its stake in Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after buying an additional 86,567 shares during the last quarter. MRA Advisory Group bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after purchasing an additional 16,650 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the business'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 transaction, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total transaction of $197,940.00. Following the sale, the insider now owns 288,048 shares of the company's stock, valued at approximately $9,502,703.52. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,168 shares of company stock worth $2,293,480 in the last ninety days. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 0.6 %

Shares of KTOS stock traded up $0.20 during mid-day trading on Tuesday, reaching $33.70. 183,248 shares of the stock traded hands, compared to its average volume of 1,614,421. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 337.27 and a beta of 1.01. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock's fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $28.69. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.76 and a 1-year high of $35.66.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KTOS shares. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada dropped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of 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. Finally, Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.13.

Kratos Defense & Security Solutions 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.