Corient Private Wealth LLC Purchases 1,896 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Corient Private Wealth LLC grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,171 shares of the aerospace company’s stock after acquiring an additional 1,896 shares during the period. Corient Private Wealth LLC’s holdings in Kratos Defense & Security Solutions were worth $506,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP grew its holdings in Kratos Defense & Security Solutions by 39.9% during the fourth quarter. Royce & Associates LP now owns 875,780 shares of the aerospace company’s stock worth $23,103,000 after purchasing an additional 249,690 shares during the period. Natixis Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 5.5% during the 4th quarter. Natixis Advisors LLC now owns 18,772 shares of the aerospace company’s stock worth $495,000 after acquiring an additional 980 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Kratos Defense & Security Solutions by 2.8% in the 4th quarter. First Eagle Investment Management LLC now owns 430,563 shares of the aerospace company’s stock valued at $11,358,000 after acquiring an additional 11,800 shares during the period. LBP AM SA lifted its holdings in Kratos Defense & Security Solutions by 141.3% during the 4th quarter. LBP AM SA now owns 185,546 shares of the aerospace company’s stock valued at $4,895,000 after purchasing an additional 108,660 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Kratos Defense & Security Solutions by 17.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,229 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 2,250 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Down 2.5 %

KTOS opened at $30.68 on Friday. The company has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $27.41. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 306.83 and a beta of 1.12.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 2,031 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,172,871.68. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric M. Demarco acquired 9,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $26.35 per share, with a total value of $250,325.00. Following the acquisition, the chief executive officer now owns 1,267,482 shares in the company, valued at $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 110,196 shares of company stock valued at $3,144,160 over the last three months. 2.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reduced their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.67.

About Kratos Defense & Security Solutions

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.