Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Position Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,109,206 shares of the aerospace company's stock after selling 421,098 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 2.41% of Kratos Defense & Security Solutions worth $63,086,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Loomis Sayles & Co. L P acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $36,937,000. Norges Bank purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $12,760,000. State Street Corp increased its position in shares of Kratos Defense & Security Solutions by 25.6% during the first quarter. State Street Corp now owns 5,561,512 shares of the aerospace company's stock worth $113,900,000 after purchasing an additional 1,134,464 shares in the last quarter. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company's stock worth $45,459,000 after purchasing an additional 1,091,380 shares in the last quarter. Finally, Cooper Creek Partners Management LLC increased its position in shares of Kratos Defense & Security Solutions by 74.2% during the third quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company's stock worth $36,247,000 after purchasing an additional 1,027,715 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on KTOS shares. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Truist Financial upped their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Benchmark increased their price target on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group lowered their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.14.

Kratos Defense & Security Solutions Trading Up 2.3 %

KTOS traded up $0.41 during mid-day trading on Friday, hitting $18.02. 1,217,469 shares of the stock were exchanged, compared to its average volume of 1,320,745. The firm's fifty day moving average is $18.31 and its two-hundred day moving average is $18.32. Kratos Defense & Security Solutions, Inc. has a 1-year low of $12.12 and a 1-year high of $21.60. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.70 billion, a PE ratio of -300.28 and a beta of 0.80.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The firm had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same quarter in the prior year, the company earned $0.03 EPS. Kratos Defense & Security Solutions's revenue was up 9.8% on a year-over-year basis. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.34, for a total value of $121,380.00. Following the sale, the insider now owns 352,641 shares of the company's stock, valued at approximately $6,114,794.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.18, for a total transaction of $27,270.00. Following the transaction, the senior vice president now owns 67,030 shares in the company, valued at approximately $1,218,605.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.34, for a total value of $121,380.00. Following the transaction, the insider now owns 352,641 shares in the company, valued at approximately $6,114,794.94. The disclosure for this sale can be found here. Insiders have sold 41,538 shares of company stock valued at $763,479 in the last quarter. Corporate insiders own 2.17% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.