Arkadios Wealth Advisors Has $1.34 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Arkadios Wealth Advisors lessened its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,836 shares of the aerospace company’s stock after selling 4,794 shares during the quarter. Arkadios Wealth Advisors’ holdings in Kratos Defense & Security Solutions were worth $1,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Capital Management Inc. boosted its position in Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after acquiring an additional 305,925 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Kratos Defense & Security Solutions during the third quarter worth $6,310,000. Driehaus Capital Management LLC grew its position in Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after purchasing an additional 245,422 shares in the last quarter. Finally, FMR LLC increased its stake in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after buying an additional 233,051 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $33.62 on Monday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $34.83. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 336.23 and a beta of 1.07. The company has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $24.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $28.30.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.01, for a total transaction of $168,070.00. Following the transaction, the insider now owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the sale, the senior vice president now directly owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,428 shares of company stock worth $2,661,646 over the last three months. Insiders own 2.27% of the company’s stock.

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.