Public Employees Retirement System of Ohio Reduces Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Public Employees Retirement System of Ohio reduced its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,115 shares of the aerospace company’s stock after selling 12,124 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Kratos Defense & Security Solutions worth $2,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KTOS. SG Americas Securities LLC lifted its position in shares of Kratos Defense & Security Solutions by 48.4% in the second quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company’s stock valued at $258,000 after acquiring an additional 4,210 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Kratos Defense & Security Solutions by 50.8% during the 2nd quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock worth $8,285,000 after purchasing an additional 139,539 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 47.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock worth $423,000 after buying an additional 6,802 shares in the last quarter. EFG Asset Management North America Corp. purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $1,486,000. Finally, Arkadios Wealth Advisors raised its position in shares of Kratos Defense & Security Solutions by 0.9% in the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 3.7 %

NASDAQ KTOS opened at $27.25 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.71. The company’s 50 day moving average price is $25.58 and its 200 day moving average price is $22.96. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 272.70 and a beta of 1.07.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of analyst reports. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group upped their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. 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. Finally, JMP Securities upped their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $26.40.

Insider Activity

In related news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the transaction, the insider now directly owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. The trade was a 7.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $160,380.00. Following the completion of the sale, the chief financial officer now directly owns 267,708 shares of the company’s stock, valued at $7,155,834.84. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,765 shares of company stock valued at $1,663,507. Company 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.