JPMorgan Chase & Co. Boosts Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

JPMorgan Chase & Co. grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,781 shares of the aerospace company’s stock after buying an additional 3,770 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Kratos Defense & Security Solutions worth $5,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KTOS. Lord Abbett & CO. LLC raised its position in Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Tidal Investments LLC lifted its stake in Kratos Defense & Security Solutions by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after buying an additional 4,638 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after buying an additional 29,278 shares during the last quarter. Finally, Barclays PLC increased its position in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after buying an additional 192,667 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $33.61 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $34.83. The company’s 50 day simple moving average is $27.33 and its 200 day simple moving average is $24.15. The stock has a market capitalization of $5.08 billion, a PE ratio of 336.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction dated 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 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 96,928 shares of company stock valued at $2,611,696 over the last quarter. Company insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on KTOS shares. Jefferies Financial Group upped their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Monday. Finally, JMP Securities upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.30.

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.