Wells Fargo & Company MN Boosts Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Wells Fargo & Company MN raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,237 shares of the aerospace company's stock after purchasing an additional 16,577 shares during the quarter. Wells Fargo & Company MN owned 0.08% of Kratos Defense & Security Solutions worth $3,119,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Barclays PLC raised its position in shares of Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after purchasing an additional 192,667 shares during the last quarter. Tidal Investments LLC grew its holdings in Kratos Defense & Security Solutions by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock valued at $495,000 after buying an additional 4,638 shares in the last quarter. Franklin Resources Inc. grew its holdings in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock valued at $70,951,000 after buying an additional 304,088 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock valued at $5,820,000 after buying an additional 3,770 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on KTOS. Truist Financial increased their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada reduced their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average price target of $34.13.

Insider Transactions at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco purchased 9,500 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the purchase, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total transaction of $197,940.00. Following the transaction, the insider now owns 288,048 shares in the company, valued at approximately $9,502,703.52. The trade was 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 valued at $2,293,480 in the last ninety days. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.92 during trading hours on Tuesday, reaching $34.42. 1,584,073 shares of the stock were exchanged, compared to its average volume of 1,622,230. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.76 and a 52-week high of $35.66. The stock has a market cap of $5.28 billion, a P/E ratio of 344.23 and a beta of 1.01. The firm's 50 day moving average is $30.24 and its 200 day moving average is $28.73.

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.