Allianz SE Buys Shares of 49,462 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Allianz SE bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 49,462 shares of the aerospace company’s stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. MRP Capital Investments LLC raised its holdings in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 500 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares in the last quarter. Finally, Hemington Wealth Management boosted its position 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 buying an additional 631 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent analyst reports. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Truist Financial raised their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the transaction, the insider now directly owns 12,215 shares in the company, valued at $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $25.98, for a total transaction of $181,860.00. Following the sale, the insider now owns 342,407 shares in the company, valued at $8,895,733.86. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,196 shares of company stock valued at $3,144,160. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 2.5 %

NASDAQ:KTOS opened at $30.68 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. The business has a fifty day moving average price of $30.34 and a 200-day moving average price of $27.41. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 306.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

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.