Nikko Asset Management Americas Inc. Decreases Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Nikko Asset Management Americas Inc. cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,986,388 shares of the aerospace company’s stock after selling 369,762 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Kratos Defense & Security Solutions were worth $52,401,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KTOS. Jones Financial Companies Lllp increased its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management increased its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at about $53,000. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Finally, Royal Bank of Canada dropped their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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 that occurred on Monday, December 30th. The stock was sold at an average price of $25.98, for a total transaction of $181,860.00. Following the transaction, the insider now owns 342,407 shares in the company, valued at approximately $8,895,733.86. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,165 shares of company stock worth $2,892,188. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $30.43 on Monday. The company has a market capitalization of $4.65 billion, a P/E ratio of 304.33 and a beta of 1.12. The business’s 50 day moving average is $30.20 and its two-hundred day moving average is $26.77. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66.

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.