Firsthand Capital Management Inc. Has $4.66 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Firsthand Capital Management Inc. grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3,900.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the aerospace company’s stock after buying an additional 195,000 shares during the quarter. Kratos Defense & Security Solutions makes up 9.2% of Firsthand Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Firsthand Capital Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $4,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Comerica Bank lifted its holdings in Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 42,817 shares in the last quarter. L & S Advisors Inc bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $1,220,000. GSA Capital Partners LLP bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $607,000. Assenagon Asset Management S.A. increased its stake in Kratos Defense & Security Solutions by 272.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after buying an additional 316,500 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth $678,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the completion of the sale, the insider now owns 349,406 shares of the company’s stock, valued at $9,262,753.06. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,727,730 over the last ninety days. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 0.5 %

Shares of NASDAQ KTOS opened at $27.09 on Friday. 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 $16.71 and a 12-month high of $28.62. The firm’s 50-day moving average price is $24.86 and its 200-day moving average price is $22.47. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 270.93 and a beta of 1.02.

About Kratos Defense & Security Solutions

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.