EFG Asset Management North America Corp. Purchases 70,293 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

EFG Asset Management North America Corp. lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,276 shares of the aerospace company’s stock after purchasing an additional 70,293 shares during the quarter. EFG Asset Management North America Corp. owned about 0.13% of Kratos Defense & Security Solutions worth $4,994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. Vanguard Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC boosted its stake in Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after acquiring an additional 233,051 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Franklin Resources Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Finally, American Capital Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after purchasing an additional 305,925 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco purchased 9,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $26.35 per share, with a total value of $250,325.00. Following the acquisition, the chief executive officer now directly owns 1,267,482 shares of the company’s stock, valued at $33,398,150.70. This represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. The trade was a 27.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,196 shares of company stock worth $3,144,160 over the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $32.53 on Tuesday. The company’s 50-day simple moving average is $30.49 and its two-hundred day simple moving average is $27.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock has a market capitalization of $4.97 billion, a P/E ratio of 325.33 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KTOS shares. Jefferies Financial Group upped 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions 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.