Wasatch Advisors Inc. reduced its holdings in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 559,822 shares of the industrial products company’s stock after selling 12,770 shares during the quarter. Wasatch Advisors Inc. owned 1.66% of Kornit Digital worth $9,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in KRNT. Swiss National Bank lifted its holdings in shares of Kornit Digital by 8.7% during the second quarter. Swiss National Bank now owns 41,300 shares of the industrial products company’s stock valued at $799,000 after purchasing an additional 3,300 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Kornit Digital by 1,540.0% during the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 7,700 shares in the last quarter. Laurion Capital Management LP bought a new position in shares of Kornit Digital during the second quarter valued at $2,142,000. Van ECK Associates Corp lifted its holdings in shares of Kornit Digital by 49.4% during the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 2,583 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Kornit Digital by 14.9% during the second quarter. Northern Trust Corp now owns 69,570 shares of the industrial products company’s stock valued at $1,347,000 after purchasing an additional 9,044 shares in the last quarter. 78.84% of the stock is currently owned by hedge funds and other institutional investors.
Kornit Digital Ltd (KRNT) opened at $15.05 on Thursday. Kornit Digital Ltd has a 1-year low of $12.85 and a 1-year high of $23.15. The firm has a market capitalization of $534.70, a PE ratio of -1,505.00, a price-to-earnings-growth ratio of 1.12 and a beta of 0.17.
Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.02 earnings per share for the quarter. Kornit Digital had a positive return on equity of 4.62% and a negative net margin of 0.71%. equities analysts anticipate that Kornit Digital Ltd will post 0.09 earnings per share for the current fiscal year.
KRNT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Kornit Digital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Barclays set a $19.00 price target on Kornit Digital and gave the company a “buy” rating in a report on Wednesday, January 10th. BidaskClub downgraded Kornit Digital from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th. TheStreet raised Kornit Digital from a “c” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Stifel Nicolaus lowered their target price on Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Kornit Digital presently has a consensus rating of “Hold” and a consensus target price of $19.00.
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Kornit Digital Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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