Cathie Wood Portfolio: 5 Green Energy Stock Picks

4. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Number of Hedge Fund Holders: 15

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is an engineering services company that specializes in directed-energy weapons, cyber security, missile defense, electronics, and satellite communications.

In its Q3 earnings report, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) posted an EPS of $0.09, beating consensus by $0.02. Ken Herbert of RBC Capital asserted that the company is well-positioned to benefit from increased spending on technologies. In October, the analyst initiated his coverage on Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) with an Outperform rating and a $28 price target. In Q3, ARK Investment Management increased its stake in the company by 15%, which now represents 0.51% of Cathie Wood’s portfolio.

In Q3, 15 hedge funds tracked by Insider Monkey held stakes in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), down from 18 in the previous quarter. These stakes are worth over $232.8 million.