The stock of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) is a huge mover today! About 1.18M shares traded hands or 80.95% up from the average. Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has risen 23.12% since April 20, 2016 and is uptrending. It has outperformed by 18.56% the S&P500.
The move comes after 9 months positive chart setup for the $525.37M company. It was reported on Nov, 22 by Barchart.com. We have $7.23 PT which if reached, will make NASDAQ:KTOS worth $21.01 million more.
According to Zacks Investment Research, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs.”
Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.26, from 1.1 in 2016Q1. The ratio improved, as 14 funds sold all Kratos Defense & Security Solutions, Inc shares owned while 27 reduced positions. 14 funds bought stakes while 31 increased positions. They now own 28.01 million shares or 5.63% more from 26.52 million shares in 2016Q1.
State Street Corporation has invested 0% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS). Great West Life Assurance Can has 11,200 shares for 0% of their US portfolio. Paradigm Mngmt New York has invested 0.66% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS). Citigroup last reported 9,441 shares in the company. Northern Tru Corporation, a Illinois-based fund reported 495,489 shares. Parametric Portfolio Assocs Llc accumulated 0% or 312,474 shares. Swiss Bankshares last reported 0% of its portfolio in the stock. National Asset Mngmt owns 12,251 shares or 0.01% of their US portfolio. Glacier Peak Capital Ltd Company has invested 1.28% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS). Dimensional Fund Advisors Lp accumulated 4.67M shares or 0.01% of the stock. Washington Fincl Bank last reported 4,311 shares in the company. Wells Fargo Mn has 0% invested in the company for 36,714 shares. State Common Retirement Fund last reported 41,400 shares in the company. Legal General Gru Public Limited Co has 0% invested in the company for 8,327 shares. Blackrock Institutional Na reported 1.48 million shares or 0% of all its holdings.
Insider Transactions: Since August 9, 2016, the stock had 3 insider purchases, and 0 sales for $1.21 million net activity. HOGLUND WILLIAM A bought $884,010 worth of stock. DEMARCO ERIC M had bought 8,904 shares worth $49,470.
More notable recent Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) news were published by: Globenewswire.com which released: “Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering …” on November 17, 2016, also Fool.com with their article: “Why Kratos Defense & Security Solutions, Inc Stock Surged 58% Higher in August” published on September 08, 2016, Nasdaq.com published: “Kratos Defense & Security Solutions, Inc. Prices Offering of Common Stock” on November 18, 2016. More interesting news about Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) were released by: Fool.com and their article: “Better Buy: Kratos Defense & Security Solutions, Inc. vs. Leidos” published on July 22, 2016 as well as Investorplace.com‘s news article titled: “Kratos Defense & Security Solutions, Inc (KTOS) Skids on Keybanc Downgrade” with publication date: August 29, 2016.
KTOS Company Profile
Kratos Defense & Security Solutions, Inc., incorporated on July 7, 1997, offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s divisions include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the activities of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology defense solutions, involving services and products, primarily for the United States National Security priorities. The US segment includes its unmanned aerial, ground, seaborne and command, control and communications system business. The PSS segment provides independent integrated solutions for homeland security, public safety, critical infrastructure, and security and surveillance systems for government and commercial applications.
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