Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Shares Acquired by Envestnet Asset Management Inc.


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Envestnet Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 17.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,819 shares of the aerospace company’s stock after buying an additional 4,884 shares during the period. Envestnet Asset Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KTOS. Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions during the first quarter worth approximately $35,000. Advisory Services Network LLC raised its holdings in Kratos Defense & Security Solutions by 795.6% during the first quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 3,978 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the first quarter worth approximately $81,000. NEXT Financial Group Inc bought a new stake in Kratos Defense & Security Solutions during the second quarter worth approximately $105,000. Finally, Aperio Group LLC bought a new stake in Kratos Defense & Security Solutions during the second quarter worth approximately $122,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Several equities research analysts recently commented on KTOS shares. Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Friday, August 16th. Canaccord Genuity set a $28.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine cut Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Noble Financial cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 target price on the stock. in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $24.00 in a report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.67.

In other Kratos Defense & Security Solutions news, Director Amy Zegart sold 7,305 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $19.55, for a total value of $142,812.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Carter sold 14,720 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. Insiders sold 791,932 shares of company stock worth $15,305,451 in the last ninety days. 15.54% of the stock is owned by corporate insiders.

Shares of NASDAQ:KTOS opened at $18.78 on Monday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 110.47, a PEG ratio of 11.09 and a beta of 1.33. Kratos Defense & Security Solutions, Inc has a 12 month low of $11.91 and a 12 month high of $25.08. The stock’s 50 day moving average price is $20.69 and its 200 day moving average price is $19.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $187.90 million for the quarter, compared to analysts’ expectations of $178.72 million. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc will post 0.23 EPS for the current year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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