Portolan Capital Management LLC Sells 428,663 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Portolan Capital Management LLC lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,348,077 shares of the aerospace company's stock after selling 428,663 shares during the quarter. Kratos Defense & Security Solutions makes up 2.4% of Portolan Capital Management LLC's holdings, making the stock its 6th biggest position. Portolan Capital Management LLC owned about 0.89% of Kratos Defense & Security Solutions worth $35,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KTOS. Barclays PLC grew its position in shares of Kratos Defense & Security Solutions by 50.3% in the 4th quarter. Barclays PLC now owns 410,481 shares of the aerospace company's stock valued at $10,828,000 after acquiring an additional 137,381 shares during the period. Summit Investment Advisors Inc. grew its holdings in Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after purchasing an additional 490 shares during the period. Rockefeller Capital Management L.P. increased its position in Kratos Defense & Security Solutions by 60.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 433,265 shares of the aerospace company's stock worth $11,430,000 after buying an additional 162,444 shares during the last quarter. Sterling Capital Management LLC raised its stake in 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 buying an additional 2,307 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Kratos Defense & Security Solutions by 11.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 14,033 shares of the aerospace company's stock valued at $370,000 after buying an additional 1,474 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the transaction, the insider now owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total value 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 represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock valued at $2,525,600 over the last quarter. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded down $0.18 during midday trading on Friday, hitting $33.09. The company had a trading volume of 2,131,494 shares, compared to its average volume of 1,609,019. The firm has a 50-day moving average price of $29.48 and a 200-day moving average price of $28.31. The company has a market capitalization of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01. 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 twelve month low of $17.05 and a twelve month high of $35.66.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report 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 company a "neutral" rating in a research report on Friday, March 21st. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

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.