Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,993,236 shares of the aerospace company’s stock after selling 369,231 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $52,582,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth about $53,000. Contravisory Investment Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 229.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 2,500 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $100,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $33.09 on Tuesday. The firm has a 50-day moving average of $29.73 and a two-hundred day moving average of $25.62. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 330.93 and a beta of 1.10. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent analyst reports. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial raised their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird upped their price objective 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. Finally, Jefferies Financial Group raised 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. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the transaction, the chief financial officer now owns 292,873 shares of the company’s stock, valued at approximately $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total value of $87,500.00. Following the sale, the insider now directly owns 265,499 shares of the company’s stock, valued at approximately $6,637,475. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock valued at $2,824,956 over the last ninety days. Insiders own 2.27% of the company’s stock.

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.