Artisan Partners Limited Partnership lowered its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,332,849 shares of the industrial products company's stock after selling 156,933 shares during the period. Artisan Partners Limited Partnership owned approximately 7.01% of Kornit Digital worth $103,152,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its position in Kornit Digital by 2.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,113,832 shares of the industrial products company's stock valued at $54,611,000 after purchasing an additional 53,257 shares in the last quarter. Riverbridge Partners LLC boosted its stake in shares of Kornit Digital by 21.1% during the 4th quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock valued at $59,643,000 after buying an additional 335,713 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of Kornit Digital by 4.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company's stock valued at $41,545,000 after acquiring an additional 57,068 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of Kornit Digital by 138.2% in the fourth quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company's stock worth $19,867,000 after acquiring an additional 372,443 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Kornit Digital by 35.7% during the third quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company's stock worth $16,045,000 after acquiring an additional 163,543 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on KRNT shares. Morgan Stanley upped their target price on Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Needham & Company LLC boosted their price target on Kornit Digital from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald raised shares of Kornit Digital to a "strong-buy" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
Read Our Latest Analysis on KRNT
Kornit Digital Stock Performance
Shares of KRNT traded down $0.15 during trading hours on Tuesday, hitting $18.93. 289,655 shares of the company were exchanged, compared to its average volume of 292,254. The company has a market cap of $900.16 million, a PE ratio of -54.09 and a beta of 2.12. The firm's 50 day moving average is $25.07 and its 200-day moving average is $27.28. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.29.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 1.51% and a negative net margin of 8.24%. As a group, equities analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal year.
Kornit Digital Profile
(
Free Report)
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.
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