Envestnet Asset Management Inc. Sells 11,533 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Envestnet Asset Management Inc. decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,976 shares of the aerospace company’s stock after selling 11,533 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Kratos Defense & Security Solutions worth $970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KTOS. Stephens Inc. AR boosted its position in Kratos Defense & Security Solutions by 49.3% during the fourth quarter. Stephens Inc. AR now owns 3,187 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 1,052 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Kratos Defense & Security Solutions by 100.0% during the first quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC boosted its position in Kratos Defense & Security Solutions by 759.1% during the fourth quarter. Signaturefd LLC now owns 6,392 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 5,648 shares in the last quarter. Quantbot Technologies LP bought a new stake in Kratos Defense & Security Solutions during the second quarter valued at about $70,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at about $120,000. Institutional investors own 83.56% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 2.5 %

Shares of NASDAQ:KTOS opened at $13.10 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $8.90 and a 52-week high of $16.23. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -59.41 and a beta of 0.80. The company has a quick ratio of 1.85, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $13.20 and a 200-day moving average price of $11.62.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 1.68% and a negative net margin of 3.00%. The firm had revenue of $231.80 million during the quarter, compared to analysts’ expectations of $223.53 million. During the same period last year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Monday, April 10th. Canaccord Genuity Group raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.50 to $14.00 in a report on Friday, February 24th. Finally, StockNews.com began coverage on Kratos Defense & Security Solutions in a report on Thursday, May 18th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.79.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 7,211 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $14.00, for a total transaction of $100,954.00. Following the completion of the transaction, the senior vice president now directly owns 42,760 shares in the company, valued at $598,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Marie Mendoza sold 7,211 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $14.00, for a total transaction of $100,954.00. Following the completion of the transaction, the senior vice president now directly owns 42,760 shares in the company, valued at $598,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Benjamin M. Goodwin sold 8,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $102,160.00. Following the transaction, the senior vice president now owns 14,370 shares of the company’s stock, valued at $183,504.90. The disclosure for this sale can be found here. Insiders sold a total of 21,295 shares of company stock worth $288,800 over the last three months. 2.17% of the stock is currently owned by insiders.

About Kratos Defense & Security Solutions

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Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.