Charles Schwab Investment Management Inc. Grows Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Charles Schwab Investment Management Inc. increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.4% in the third quarter, Holdings Channel.com reports. The firm owned 1,498,849 shares of the aerospace company’s stock after purchasing an additional 35,421 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $34,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. MFA Wealth Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at $30,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at $36,000. Finally, Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 2.0 %

NASDAQ:KTOS opened at $26.36 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62. The business’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $22.59. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 263.63 and a beta of 1.07.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.40.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $26.51, for a total value of $185,570.00. Following the completion of the sale, the insider now directly 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. Over the last 90 days, insiders have sold 61,620 shares of company stock worth $1,503,670. 2.27% of the stock is currently owned by corporate insiders.

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.