The most recent Form 13F filing that the State of New Jersey Common Pension Fund D submitted to the Securities and Exchange Commission revealed that during the third quarter of 2018, the fund increased the total amount of money that it had invested in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) by 5.9%. Following the accumulation of an additional 9,631 shares in the aerospace company over time, the total number of shares held by the fund now stands at 173,064. At the end of the most recent fiscal quarter, the State of New Jersey Common Pension Fund D held approximately 0.14% of Kratos Defense & Security Solutions, which had a value of approximately $1,758,000 at the end of the most recent fiscal quarter.
Several additional large investors have recently changed their financial position regarding the company’s stock. JPMorgan Chase & Co. increased the amount of Kratos Defense & Security Solutions stock owned by 22.5% over the first three months of 2018. JPMorgan Chase & Co. now holds 158,678 shares of the aerospace company’s stock, with a market value of $3,249,000. This is a result of the company purchasing an additional 29,108 shares during the most recent quarter. Raymond James & Associates increased the proportion of Kratos Defense & Security Solutions that it owned by 36.0% over the first three months of 2018. Raymond James & Associates now has a total of 103,393 shares of the aerospace company’s stock, which have an estimated value of $217,000 following the purchase of an additional 27,379 shares during the most recent quarter. The Bank of New York Mellon Corporation increased the proportion of Kratos Defense & Security Solutions that it owned by 32.4% during the first three months of 2018. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock, which are currently valued at $15,917,000 after purchasing an additional 190,343 shares during the most recent quarter. MetLife Investment Management LLC increased the amount of Kratos Defense & Security Solutions stock held by 54.0 percent over the first three months of 2018. As a result of the company’s acquisition of 22,960 additional shares over the preceding three months, MetLife Investment Management LLC now holds a total of 65,490 shares in the aerospace business, which have an estimated market value of $1,341,000. In the first three months of 2018, BlackRock Inc. increased the amount of Kratos Defense & Security Solutions stock owned by 3.2%, which brings us to our final point. BlackRock Inc. now holds 9,572,976 shares of the aerospace company’s stock, valued at $196,054,000, after purchasing an additional 294,143 shares during the most recent quarter. This brings the total number of shares owned by the company to 9,572,976. Currently, a total of 83.56% of the company’s outstanding stock is owned and controlled by various institutional investors, including hedge funds.
Many scholarly investigations have been carried out, with KTOS as the primary topic of discussion. Noble Financial stated that their new price objective for Kratos Defense & Security Solutions is $18.00 in a research report disseminated on November 15th, 2018. Noble Financial distributed the report. On October 12th, a piece titled “Kratos Defense & Security Solutions” was published on StockNews.com. They advised their clients to “hold” the stock moving forward. Goldman Sachs Group gave the company a “neutral” rating in a study that was made public on October 12th, and they lowered their price objective on Kratos Defense & Sec.
