Nikko Asset Management Americas Inc. Trims Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Nikko Asset Management Americas Inc. lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,986,388 shares of the aerospace company’s stock after selling 369,762 shares during the quarter. Nikko Asset Management Americas Inc. owned about 1.31% of Kratos Defense & Security Solutions worth $52,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its stake in shares of Kratos Defense & Security Solutions by 10.5% in the fourth quarter. Signaturefd LLC now owns 9,457 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 899 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $365,000. Corient Private Wealth LLC raised its stake in shares of Kratos Defense & Security Solutions by 11.0% in the fourth quarter. Corient Private Wealth LLC now owns 19,171 shares of the aerospace company’s stock valued at $506,000 after acquiring an additional 1,896 shares during the period. Royce & Associates LP increased its stake in Kratos Defense & Security Solutions by 39.9% in the 4th quarter. Royce & Associates LP now owns 875,780 shares of the aerospace company’s stock worth $23,103,000 after buying an additional 249,690 shares during the period. Finally, Natixis Advisors LLC increased its stake in Kratos Defense & Security Solutions by 5.5% in the 4th quarter. Natixis Advisors LLC now owns 18,772 shares of the aerospace company’s stock worth $495,000 after buying an additional 980 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.1 %

Shares of NASDAQ KTOS opened at $30.43 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market capitalization of $4.65 billion, a P/E ratio of 304.33 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The business has a fifty day moving average price of $30.20 and a 200 day moving average price of $26.77.

Insider Buying and Selling

In related news, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the sale, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. This represents a 7.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the sale, the senior vice president now owns 61,782 shares of the company’s stock, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,165 shares of company stock worth $2,892,188 in the last three months. 2.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their price objective 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. Royal Bank of Canada decreased their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.