Marshall Wace LLP Has $5.64 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Marshall Wace LLP raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 393.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 282,053 shares of the aerospace company’s stock after acquiring an additional 224,850 shares during the period. Marshall Wace LLP owned approximately 0.19% of Kratos Defense & Security Solutions worth $5,644,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TFO Wealth Partners LLC grew its stake in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $30,000. NBC Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $33,000. PNC Financial Services Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $23.30 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $14.33 and a 12-month high of $24.08. The firm’s 50 day moving average is $21.82 and its 200-day moving average is $20.35. The company has a market capitalization of $3.52 billion, a PE ratio of 72.78 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. BTIG Research started coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Finally, Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $21.26, for a total transaction of $74,410.00. Following the sale, the insider now owns 279,575 shares in the company, valued at approximately $5,943,764.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $21.26, for a total value of $74,410.00. Following the completion of the transaction, the insider now owns 279,575 shares of the company’s stock, valued at approximately $5,943,764.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares in the company, valued at $1,272,297.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,210 shares of company stock valued at $1,385,072. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.