Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Holdings Raised by Credit Suisse AG

Credit Suisse AG increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,968 shares of the aerospace company’s stock after purchasing an additional 5,910 shares during the quarter. Credit Suisse AG owned approximately 0.10% of Kratos Defense & Security Solutions worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 1.5% in the third quarter. Vanguard Group Inc. now owns 11,562,294 shares of the aerospace company’s stock worth $117,473,000 after acquiring an additional 173,446 shares in the last quarter. BlackRock Inc. grew its position in Kratos Defense & Security Solutions by 2.4% during the 3rd quarter. BlackRock Inc. now owns 10,313,437 shares of the aerospace company’s stock worth $104,781,000 after purchasing an additional 239,321 shares in the last quarter. State Street Corp raised its stake in Kratos Defense & Security Solutions by 11.8% during the 2nd quarter. State Street Corp now owns 6,217,807 shares of the aerospace company’s stock valued at $86,303,000 after purchasing an additional 656,295 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 1.1% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 5,036,351 shares of the aerospace company’s stock valued at $51,925,000 after purchasing an additional 54,852 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Kratos Defense & Security Solutions by 4.6% in the fourth quarter. Bamco Inc. NY now owns 4,302,756 shares of the aerospace company’s stock worth $44,404,000 after buying an additional 190,000 shares during the period. Institutional investors and hedge funds own 83.60% of the company’s stock.

Insider Buying and Selling

In related news, CFO Deanna H. Lund sold 105,116 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $15.00, for a total value of $1,576,740.00. Following the transaction, the chief financial officer now owns 175,457 shares in the company, valued at approximately $2,631,855. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Benjamin M. Goodwin sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $15.64, for a total transaction of $54,740.00. Following the transaction, the senior vice president now owns 10,870 shares of the company’s stock, valued at $170,006.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 105,116 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $15.00, for a total transaction of $1,576,740.00. Following the completion of the sale, the chief financial officer now directly owns 175,457 shares of the company’s stock, valued at $2,631,855. The disclosure for this sale can be found here. In the last three months, insiders sold 154,992 shares of company stock valued at $2,367,390. Company insiders own 2.06% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $15.52 on Wednesday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $17.31. The stock’s 50-day moving average is $14.92 and its two-hundred day moving average is $13.85. The firm has a market cap of $1.99 billion, a P/E ratio of -77.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.34 and a quick ratio of 1.76.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $256.90 million for the quarter, compared to the consensus estimate of $235.93 million. Kratos Defense & Security Solutions had a positive return on equity of 1.91% and a negative net margin of 2.69%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KTOS shares. StockNews.com assumed coverage on Kratos Defense & Security Solutions in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Raymond James initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday, July 20th. They set an “outperform” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, August 31st. Finally, TheStreet upgraded Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Hold” and an average target price of $16.29.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.