Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.6% in the 4th quarter, according to its most recent 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 quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.32% of Kratos Defense & Security Solutions worth $52,582,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Kratos Defense & Security Solutions by 6.1% in 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 increased its holdings in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 12.2% in the 3rd 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. American Capital Management Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 12.8% in 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 period. Finally, Portolan Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 9.0% during the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after buying an additional 146,319 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird raised their price target 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. Finally, JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares in the company, valued at $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,428 shares of company stock worth $2,824,956. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Trading Up 1.9 %

NASDAQ KTOS opened at $33.09 on Tuesday. 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 debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66. The company’s fifty day moving average price is $29.73 and its two-hundred day moving average price is $25.62.

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.