Sei Investments Co. Sells 56,376 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sei Investments Co. lowered its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 724,977 shares of the aerospace company’s stock after selling 56,376 shares during the period. Sei Investments Co.’s holdings in Kratos Defense & Security Solutions were worth $19,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Kratos Defense & Security Solutions by 27.0% in the 3rd quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after buying an additional 5,101 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 16.7% during the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock worth $415,000 after acquiring an additional 2,546 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $826,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock valued at $34,923,000 after purchasing an additional 35,421 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 55.9% in the 3rd quarter. Citigroup Inc. now owns 299,806 shares of the aerospace company’s stock valued at $6,985,000 after purchasing an additional 107,530 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KTOS. Royal Bank of Canada decreased their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Jefferies Financial Group lifted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued 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, 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, SVP Marie Mendoza sold 2,031 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the sale, the senior vice president now directly owns 69,288 shares of the company’s stock, valued at approximately $2,172,871.68. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric M. Demarco bought 9,500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $26.35 per share, with a total value of $250,325.00. Following the transaction, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $31.47 on Friday. The stock’s 50 day moving average price is $30.40 and its 200-day moving average price is $27.31. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The stock has a market capitalization of $4.81 billion, a PE ratio of 314.73 and a beta of 1.12. 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 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.