State Street Corp Boosts Stock Holdings in Telos Co. (NASDAQ:TLS)

State Street Corp increased its stake in Telos Co. (NASDAQ:TLS) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 933,156 shares of the company’s stock after purchasing an additional 198,676 shares during the quarter. State Street Corp owned 1.29% of Telos worth $3,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TLS. US Bancorp DE bought a new stake in Telos in the 3rd quarter valued at $39,000. Intech Investment Management LLC purchased a new stake in Telos in the 3rd quarter valued at about $49,000. The Manufacturers Life Insurance Company purchased a new stake in Telos in the 2nd quarter valued at about $92,000. SG Americas Securities LLC boosted its position in Telos by 129.8% in the 3rd quarter. SG Americas Securities LLC now owns 23,478 shares of the company’s stock valued at $84,000 after buying an additional 13,263 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in Telos by 26.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company’s stock valued at $91,000 after buying an additional 5,300 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Trading Up 0.9 %

NASDAQ:TLS opened at $3.43 on Tuesday. Telos Co. has a one year low of $1.89 and a one year high of $5.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64. The firm has a market cap of $248.27 million, a P/E ratio of -4.90 and a beta of 0.92. The firm has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.60.

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their price objective on shares of Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Telos has an average rating of “Hold” and an average price target of $4.50.

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.