Lbp Am Sa Boosts Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Lbp Am Sa lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 141.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,546 shares of the aerospace company’s stock after purchasing an additional 108,660 shares during the quarter. Lbp Am Sa owned 0.12% of Kratos Defense & Security Solutions worth $4,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. FMR LLC raised its position in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after buying an additional 233,051 shares during the last quarter. Geode Capital Management LLC raised its position in Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares during the last quarter. Franklin Resources Inc. raised its position 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 worth $70,951,000 after buying an additional 304,088 shares during the last quarter. American Capital Management Inc. raised its position in Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after buying an additional 305,925 shares during the last quarter. Finally, Portolan Capital Management LLC raised its position in Kratos Defense & Security Solutions by 9.0% in the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after buying an additional 146,319 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 9,500 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $26.35 per share, for a total transaction 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 $33,398,150.70. This trade represents a 0.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the transaction, the insider now owns 12,315 shares of the company’s stock, valued at $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Up 3.1 %

Shares of NASDAQ:KTOS opened at $30.43 on Friday. The stock has a 50 day moving average of $30.20 and a 200 day moving average of $26.71. The company has a market cap of $4.65 billion, a PE ratio of 304.33 and a beta of 1.12. 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 12-month low of $16.78 and a 12-month high of $35.66.

Analyst Ratings Changes

A number of equities analysts have weighed in on KTOS shares. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada reduced their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Robert W. Baird upped 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 research report on Tuesday, January 14th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kratos Defense & Security Solutions Company 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.