Legal & General Group Plc increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,865 shares of the aerospace company’s stock after purchasing an additional 3,210 shares during the period. Legal & General Group Plc’s holdings in Kratos Defense & Security Solutions were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 24.0% during the first quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock worth $21,480,000 after purchasing an additional 534,190 shares during the last quarter. State Street Corp raised its holdings in shares of Kratos Defense & Security Solutions by 48.7% during the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after purchasing an additional 691,425 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth $15,458,000. Driehaus Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 65.6% during the first quarter. Driehaus Capital Management LLC now owns 936,186 shares of the aerospace company’s stock worth $7,284,000 after purchasing an additional 370,899 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 43.4% during the first quarter. Geode Capital Management LLC now owns 580,932 shares of the aerospace company’s stock worth $4,519,000 after purchasing an additional 175,879 shares during the last quarter. 61.78% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Eric M. Demarco acquired 8,905 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on KTOS. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “hold” rating and set a $12.00 target price on shares of Kratos Defense & Security Solutions in a report on Monday, October 2nd. BidaskClub raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 14th. Finally, Drexel Hamilton began coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They set a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $12.78.

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ KTOS) opened at 13.30 on Friday. The firm’s market cap is $1.16 billion. The company’s 50-day moving average is $12.87 and its 200 day moving average is $10.98. Kratos Defense & Security Solutions, Inc. has a 52-week low of $5.23 and a 52-week high of $13.93.

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

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.

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

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