Kratos Defense & Security Solutions, Inc. (KTOS) Shares Sold by S Squared Technology LLC

S Squared Technology LLC lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 13.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,727,639 shares of the aerospace company’s stock after selling 265,000 shares during the quarter. Kratos Defense & Security Solutions makes up approximately 17.5% of S Squared Technology LLC’s portfolio, making the stock its biggest position. S Squared Technology LLC owned about 1.99% of Kratos Defense & Security Solutions worth $20,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in Kratos Defense & Security Solutions by 185.6% in the second quarter. Alliancebernstein L.P. now owns 83,400 shares of the aerospace company’s stock worth $990,000 after buying an additional 54,200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Kratos Defense & Security Solutions by 5.6% in the second quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock worth $717,000 after buying an additional 3,199 shares in the last quarter. Swiss National Bank boosted its stake in Kratos Defense & Security Solutions by 6.4% in the second quarter. Swiss National Bank now owns 122,800 shares of the aerospace company’s stock worth $1,458,000 after buying an additional 7,400 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth approximately $126,000. Finally, Rovida Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth approximately $2,152,000. 73.32% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. SunTrust Banks, Inc. lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Friday, July 14th. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, August 14th. Drexel Hamilton assumed coverage on Kratos Defense & Security Solutions in a research note on Tuesday, August 15th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Zacks Investment Research lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.78.

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

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://sportsperspectives.com/2017/09/11/kratos-defense-security-solutions-inc-ktos-shares-sold-by-s-squared-technology-llc.html.

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ KTOS) traded up 0.49% during mid-day trading on Monday, reaching $12.34. The company’s stock had a trading volume of 786,211 shares. The company’s market cap is $1.07 billion. Kratos Defense & Security Solutions, Inc. has a 52-week low of $5.23 and a 52-week high of $13.93. The company has a 50-day moving average price of $12.28 and a 200 day moving average price of $10.15.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results 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 firm had revenue of $185.70 million during the quarter, compared to analysts’ expectations of $172.78 million. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current year.

Kratos Defense & Security Solutions 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)

Receive News & Ratings for Kratos Defense & Security Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply