Blair William & Co. IL Sells 92,146 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Blair William & Co. IL lessened its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 449,727 shares of the industrial products company's stock after selling 92,146 shares during the period. Blair William & Co. IL owned about 0.95% of Kornit Digital worth $13,919,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KRNT. Fifth Third Bancorp raised its stake in Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 393 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock valued at $117,000 after buying an additional 988 shares during the period. HighTower Advisors LLC acquired a new position in shares of Kornit Digital in the 4th quarter valued at approximately $237,000. US Bancorp DE lifted its holdings in shares of Kornit Digital by 7.4% during the 4th quarter. US Bancorp DE now owns 8,294 shares of the industrial products company's stock worth $257,000 after acquiring an additional 572 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Kornit Digital during the 4th quarter worth approximately $288,000. 92.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on KRNT. Morgan Stanley boosted their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Needham & Company LLC upped their price objective on Kornit Digital from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kornit Digital has an average rating of "Moderate Buy" and an average target price of $34.00.

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Kornit Digital Stock Performance

Shares of Kornit Digital stock traded up $0.45 on Wednesday, hitting $19.38. The stock had a trading volume of 77,590 shares, compared to its average volume of 291,425. The stock has a 50 day moving average of $25.07 and a 200 day moving average of $27.28. The firm has a market capitalization of $921.56 million, a P/E ratio of -55.36 and a beta of 2.08. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.29.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. Equities analysts expect that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.

Kornit Digital Profile

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.