UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 20,311 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,051 shares of the aerospace company’s stock after purchasing an additional 20,311 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Kratos Defense & Security Solutions worth $6,315,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kratos Defense & Security Solutions by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,584 shares of the aerospace company’s stock valued at $783,000 after purchasing an additional 2,018 shares during the last quarter. FMR LLC raised its position in shares of Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after acquiring an additional 233,051 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the third quarter worth about $39,000. Managed Asset Portfolios LLC raised its position in shares of Kratos Defense & Security Solutions by 2.3% during the third quarter. Managed Asset Portfolios LLC now owns 754,761 shares of the aerospace company’s stock worth $17,586,000 after acquiring an additional 16,696 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Kratos Defense & Security Solutions by 55.9% during the third quarter. Citigroup Inc. now owns 299,806 shares of the aerospace company’s stock worth $6,985,000 after acquiring an additional 107,530 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,770,970 over the last ninety days. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $27.37 on Wednesday. The business’s fifty day simple moving average is $25.40 and its 200 day simple moving average is $22.80. The firm has a market capitalization of $4.13 billion, a P/E ratio of 273.70 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of analyst reports. JMP Securities raised their price objective on 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. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Kratos Defense & Security Solutions 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.