Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,742 shares of the aerospace company’s stock after acquiring an additional 6,226 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kratos Defense & Security Solutions were worth $415,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $39,000. Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $53,000. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 229.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now directly owns 60,443 shares in the company, valued at $1,639,214.16. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now owns 349,406 shares of the company’s stock, valued at approximately $9,262,753.06. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,181 shares of company stock valued at $2,851,426 over the last quarter. 2.27% of the stock is owned by insiders.

Analyst Ratings Changes

KTOS has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group increased their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $30.67.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $25.99 on Friday. The business has a fifty day moving average of $30.01 and a two-hundred day moving average of $25.99. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 259.93 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66.

Kratos Defense & Security Solutions Company Profile

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.