Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,569 shares of the aerospace company’s stock after selling 1,564 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Kratos Defense & Security Solutions worth $7,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in Kratos Defense & Security Solutions in the first quarter valued at about $369,000. Bank of New York Mellon Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company’s stock valued at $36,277,000 after buying an additional 24,455 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Kratos Defense & Security Solutions by 39.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 15,889 shares of the aerospace company’s stock valued at $472,000 after buying an additional 4,483 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth $1,300,000. Finally, Principal Financial Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 9,709.0% in the first quarter. Principal Financial Group Inc. now owns 997,578 shares of the aerospace company’s stock worth $29,618,000 after buying an additional 987,408 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $55.42 on Wednesday. The stock has a market cap of $8.50 billion, a PE ratio of 426.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $61.43. The firm’s 50-day simple moving average is $42.29 and its two-hundred day simple moving average is $35.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $51.42, for a total transaction of $308,520.00. Following the transaction, the insider owned 270,104 shares of the company’s stock, valued at approximately $13,888,747.68. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $45.43, for a total transaction of $181,720.00. Following the completion of the transaction, the insider directly owned 46,243 shares in the company, valued at approximately $2,100,819.49. The trade was a 7.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,572 shares of company stock worth $5,586,226. 2.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 30th. JMP Securities set a $70.00 target price on Kratos Defense & Security Solutions and gave the company a “market outperform” rating in a research note on Tuesday. Cantor Fitzgerald restated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research note on Friday. Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus increased their target price on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.08.

About Kratos Defense & Security Solutions

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.