5 hours Ago By ABMN Staff
Legal & General Group Plc reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. ( NASDAQ:KTOS – Free Report ) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 222,289 shares of the aerospace company’s stock after selling 4,297 shares during the quarter. Legal & General Group Plc’s holdings in Kratos Defense & Security Solutions were worth $5,864,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
Rovida Investment Management Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $46,789,000. Raymond James Financial Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $28,944,000.
Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter.
Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after purchasing an additional 701,216 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $15,631,000.
Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $15,617,000. Institutional investors and hedge funds own 75.92% of the company’s stock.
Insider Activity 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 that occurred on Monday, January 27th. The shares were sold at an average price of $33.
16, for a total value of $232,120.00. Following the completion of the sale, the insider now owns 365,461 shares of the company’s stock, valued at $12,118,686.
76. This trade represents a 1.88 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction on Monday, February 3rd.
The stock was sold at an average price of $32.88, for a total transaction of $131,520.00.
Following the transaction, the insider now directly owns 106,906 shares in the company, valued at approximately $3,515,069.28. The trade was a 3.
61 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 87,168 shares of company stock worth $2,525,600.
Corporate insiders own 2.37% of the company’s stock. Kratos Defense & Security Solutions Price Performance Wall Street Analyst Weigh In Several brokerages recently issued reports on KTOS.
Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.
00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th.
Royal Bank of Canada decreased 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 note on Thursday, February 27th.
B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $35.
00 in a report on Monday, January 13th. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.
View Our Latest Analysis on KTOS Kratos Defense & Security Solutions Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. ( NASDAQ:KTOS – Free Report ).
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