Portolan Capital Management LLC Raises Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Portolan Capital Management LLC grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,776,740 shares of the aerospace company’s stock after acquiring an additional 146,319 shares during the period. Kratos Defense & Security Solutions accounts for approximately 3.0% of Portolan Capital Management LLC’s holdings, making the stock its 3rd largest position. Portolan Capital Management LLC owned approximately 1.18% of Kratos Defense & Security Solutions worth $41,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank lifted its stake in shares of Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after buying an additional 42,817 shares during the last quarter. L & S Advisors Inc acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $1,220,000. GSA Capital Partners LLP bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $607,000. Assenagon Asset Management S.A. lifted its position in shares of Kratos Defense & Security Solutions by 272.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after acquiring an additional 316,500 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $678,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now owns 349,406 shares in the company, valued at approximately $9,262,753.06. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,620 shares of company stock worth $1,503,670. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Down 2.0 %

NASDAQ KTOS opened at $26.36 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62. The business has a 50 day moving average price of $24.99 and a 200-day moving average price of $22.59. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 263.63 and a beta of 1.07.

Analyst Ratings Changes

KTOS has been the subject of several recent analyst reports. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities increased their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Finally, Robert W. Baird raised 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. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.40.

About Kratos Defense & Security Solutions

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.