Legato Capital Management LLC Cuts Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Legato Capital Management LLC lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,532 shares of the aerospace company’s stock after selling 12,748 shares during the quarter. Legato Capital Management LLC owned 0.07% of Kratos Defense & Security Solutions worth $2,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Quarterback LLC grew its stake in shares of Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 528 shares during the period. ORG Partners LLC grew its position in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares during the period. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. KBC Group NV boosted its stake in shares of Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after buying an additional 976 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Kratos Defense & Security Solutions by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock valued at $2,047,000 after acquiring an additional 1,060 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on KTOS. JMP Securities raised their target price on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. StockNews.com raised shares of 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 lifted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Jefferies Financial Group increased their price target on 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. Finally, Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $32.07 on Wednesday. The business has a fifty day moving average of $29.85 and a 200 day moving average of $25.70. The stock has a market cap of $4.84 billion, a P/E ratio of 320.73 and a beta of 1.10. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated 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 in the company, valued at $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the sale, the insider now directly owns 265,499 shares of the company’s stock, valued at approximately $6,637,475. This trade 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 93,428 shares of company stock valued at $2,686,406 in the last three months. Company insiders own 2.27% of the company’s stock.

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.