Creative Planning raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 31.3% during the second quarter, Holdings Channel reports. The fund owned 11,810 shares of the aerospace company’s stock after buying an additional 2,813 shares during the period. Creative Planning’s holdings in Kratos Defense & Security Solutions were worth $140,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 24.0% in the first quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock worth $21,480,000 after buying an additional 534,190 shares during the last quarter. State Street Corp boosted its position in shares of Kratos Defense & Security Solutions by 48.7% in the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after buying an additional 691,425 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in shares of Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock worth $16,025,000 after buying an additional 702,505 shares during the last quarter. S Squared Technology LLC boosted its position in shares of Kratos Defense & Security Solutions by 2.1% in the first quarter. S Squared Technology LLC now owns 1,992,639 shares of the aerospace company’s stock worth $15,503,000 after buying an additional 40,701 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of Kratos Defense & Security Solutions by 61.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,628,657 shares of the aerospace company’s stock worth $12,671,000 after buying an additional 620,554 shares during the last quarter. 74.57% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) traded up 1.94% during midday trading on Friday, hitting $12.35. 1,434,588 shares of the stock traded hands. The firm’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 $12.91. The stock has a 50-day moving average of $11.91 and a 200 day moving average of $9.55.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period last year, the firm posted $0.01 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post $0.10 EPS for the current year.

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Several equities research analysts have recently issued reports on the stock. Canaccord Genuity restated a “buy” rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Jefferies Group LLC restated a “hold” rating and issued a $9.25 target price on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Saturday, May 6th. Finally, B. Riley restated a “buy” rating and issued a $11.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus price target of $12.46.

In other news, CEO Eric M. Demarco acquired 8,905 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.20% of the company’s stock.

About Kratos Defense & Security Solutions

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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