Assenagon Asset Management S.A. Sells 11,160 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Assenagon Asset Management S.A. decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 22.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,981 shares of the aerospace company’s stock after selling 11,160 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Kratos Defense & Security Solutions were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust boosted its holdings in shares of Kratos Defense & Security Solutions by 2.7% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after acquiring an additional 100 shares during the last quarter. LVW Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock worth $278,000 after buying an additional 107 shares during the last quarter. CENTRAL TRUST Co grew its position in Kratos Defense & Security Solutions by 7.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after buying an additional 115 shares during the period. Quadrant Capital Group LLC grew its position in shares of Kratos Defense & Security Solutions by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after acquiring an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BTIG Research decreased their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $99.00 to $82.00 in a research note on Friday, June 12th. Canaccord Genuity Group lifted their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Finally, Piper Sandler reduced their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $100.44.

Kratos Defense & Security Solutions Stock Up 6.2%

Shares of KTOS stock opened at $49.86 on Wednesday. The company’s fifty day simple moving average is $57.50 and its two-hundred day simple moving average is $78.15. Kratos Defense & Security Solutions, Inc. has a 52 week low of $41.87 and a 52 week high of $134.00. The stock has a market cap of $9.35 billion, a P/E ratio of 293.29 and a beta of 1.04. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $57.74, for a total value of $375,310.00. Following the completion of the transaction, the insider owned 215,052 shares in the company, valued at approximately $12,417,102.48. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $58.23, for a total value of $2,038,050.00. Following the sale, the insider directly owned 309,087 shares in the company, valued at $17,998,136.01. The trade was a 10.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 144,778 shares of company stock valued at $8,724,473 over the last quarter. 1.50% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.