Intech Investment Management LLC Invests $49,000 in Telos Co. (NASDAQ:TLS)

Intech Investment Management LLC purchased a new position in shares of Telos Co. (NASDAQ:TLS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,648 shares of the company’s stock, valued at approximately $49,000.

Several other large investors also recently bought and sold shares of TLS. Bank of New York Mellon Corp lifted its holdings in shares of Telos by 1,396.5% during the second quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after purchasing an additional 168,813 shares during the period. Rhumbline Advisers lifted its holdings in shares of Telos by 4,277.7% in the 2nd quarter. Rhumbline Advisers now owns 77,311 shares of the company’s stock valued at $311,000 after buying an additional 75,545 shares during the period. American Century Companies Inc. grew its holdings in Telos by 11.5% during the second quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock worth $322,000 after acquiring an additional 8,229 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Telos by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 776,406 shares of the company’s stock valued at $3,121,000 after acquiring an additional 138,657 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Telos by 22.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after purchasing an additional 190,700 shares in the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Wall Street Analysts Forecast Growth

TLS has been the topic of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Telos in a report on Monday, August 12th. B. Riley reaffirmed a “buy” rating and issued a $5.00 price target on shares of Telos in a research note on Thursday, August 29th. DA Davidson decreased their price objective on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price objective on shares of Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Telos currently has an average rating of “Moderate Buy” and a consensus price target of $4.80.

Telos Stock Performance

Telos stock opened at $3.41 on Monday. Telos Co. has a 1-year low of $1.89 and a 1-year high of $5.03. The stock has a market cap of $246.82 million, a price-to-earnings ratio of -4.87 and a beta of 0.92. The firm has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $3.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59.

About Telos

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.