California Public Employees Retirement System cut its holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,700 shares of the aerospace company’s stock after selling 32,000 shares during the quarter. California Public Employees Retirement System’s holdings in Kratos Defense & Security Solutions were worth $4,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC lifted its stake in Kratos Defense & Security Solutions by 44.3% in the third quarter. FMR LLC now owns 8,722,104 shares of the aerospace company’s stock valued at $128,913,000 after acquiring an additional 2,676,121 shares during the last quarter. Vanguard Group Inc. lifted its stake in Kratos Defense & Security Solutions by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,077,232 shares of the aerospace company’s stock valued at $60,262,000 after acquiring an additional 46,579 shares during the last quarter. Vanguard Group Inc lifted its stake in Kratos Defense & Security Solutions by 1.2% in the third quarter. Vanguard Group Inc now owns 4,077,232 shares of the aerospace company’s stock valued at $60,262,000 after acquiring an additional 46,579 shares during the last quarter. Capital International Investors acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $46,587,000. Finally, Capital Research Global Investors acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $38,280,000. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Shares of Kratos Defense & Security Solutions stock opened at $15.46 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.57. Kratos Defense & Security Solutions, Inc has a 1-year low of $8.90 and a 1-year high of $17.87. The firm has a market capitalization of $1.65 billion, a PE ratio of 90.94, a PEG ratio of 8.14 and a beta of 1.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, February 28th. The aerospace company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 0.57% and a positive return on equity of 3.92%. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.26 EPS for the current year.

A number of research firms have issued reports on KTOS. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. BidaskClub cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, January 9th. Noble Financial set a $20.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, Robert W. Baird assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Monday, December 3rd. They issued an “outperform” rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $18.20.

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About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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