Kratos Defense & Security Solutions, Inc. (KTOS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 61.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,246 shares of the aerospace company’s stock after buying an additional 21,856 shares during the period. Wells Fargo & Company MN owned about 0.08% of Kratos Defense & Security Solutions worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA raised its position in Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock worth $16,025,000 after buying an additional 702,505 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Kratos Defense & Security Solutions by 61.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,628,657 shares of the aerospace company’s stock valued at $12,671,000 after buying an additional 620,554 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Kratos Defense & Security Solutions during the first quarter valued at about $103,000. Teachers Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 31.5% in the fourth quarter. Teachers Advisors LLC now owns 123,244 shares of the aerospace company’s stock worth $912,000 after buying an additional 29,517 shares during the last quarter. Finally, Oak Management Corp boosted its stake in Kratos Defense & Security Solutions by 7.0% in the fourth quarter. Oak Management Corp now owns 12,658,345 shares of the aerospace company’s stock worth $93,672,000 after buying an additional 833,000 shares during the last quarter. 74.57% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions, Inc. (KTOS) traded up 5.70% on Tuesday, reaching $11.87. 2,075,977 shares of the company were exchanged. The stock’s market capitalization is $1.03 billion. The company’s 50-day moving average price is $11.77 and its 200-day moving average price is $9.36. Kratos Defense & Security Solutions, Inc. has a 12-month low of $4.95 and a 12-month high of $12.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The firm had revenue of $185.70 million during the quarter, compared to the consensus estimate of $172.78 million. During the same period last year, the company earned $0.01 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, August 2nd. Canaccord Genuity restated a “buy” rating and issued a $14.00 price target (up from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $12.46.

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $10.57 per share, for a total transaction of $105,700.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 23.20% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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