Intech Investment Management LLC Invests $826,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Intech Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 35,461 shares of the aerospace company’s stock, valued at approximately $826,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank boosted its stake in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 42,817 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $607,000. Assenagon Asset Management S.A. grew its holdings in Kratos Defense & Security Solutions by 272.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after acquiring an additional 316,500 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $678,000. Finally, Van ECK Associates Corp raised its stake in shares of Kratos Defense & Security Solutions by 19.5% during the third quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock valued at $21,358,000 after acquiring an additional 145,462 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $26.95 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 269.53 and a beta of 1.02. The firm’s 50-day moving average price is $24.78 and its 200-day moving average price is $22.42. 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 1-year low of $16.71 and a 1-year high of $28.62.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.40, for a total transaction of $89,600.00. Following the completion of the sale, the insider now owns 59,071 shares in the company, valued at $1,323,190.40. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,620 shares of company stock valued at $1,727,730 in the last three months. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.