ProShare Advisors LLC Has $401,000 Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ProShare Advisors LLC lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 22.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,046 shares of the aerospace company’s stock after selling 5,837 shares during the quarter. ProShare Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KTOS. Norges Bank bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $8,807,000. Steward Partners Investment Advisory LLC lifted its stake in Kratos Defense & Security Solutions by 3,867.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,086 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 13,731 shares during the last quarter. Stifel Financial Corp grew its holdings in Kratos Defense & Security Solutions by 2.9% during the fourth quarter. Stifel Financial Corp now owns 257,433 shares of the aerospace company’s stock worth $5,223,000 after purchasing an additional 7,332 shares during the period. TFO Wealth Partners LLC increased its position in 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 buying an additional 1,208 shares during the last quarter. Finally, Waterloo Capital L.P. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $577,000. 75.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KTOS has been the subject of several research analyst reports. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Insider Buying and Selling

In other news, CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the transaction, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at $21,366,350.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 12,396 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric M. Demarco acquired 11,980 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $20.89 per share, with a total value of $250,262.20. Following the completion of the transaction, the chief executive officer now owns 1,070,244 shares in the company, valued at $22,357,397.16. The disclosure for this purchase can be found here. Insiders sold 63,210 shares of company stock valued at $1,385,072 over the last quarter. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Stock Up 6.5 %

NASDAQ KTOS opened at $24.82 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 72.78 and a beta of 1.02. The company has a 50 day moving average of $21.86 and a 200-day moving average of $20.39. Kratos Defense & Security Solutions, Inc. has a 1-year low of $14.33 and a 1-year high of $25.13.

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

Kratos Defense & Security Solutions 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.