Loomis Sayles & Co. L P grew its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 259.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,453 shares of the industrial products company's stock after purchasing an additional 893,463 shares during the quarter. Loomis Sayles & Co. L P owned approximately 2.60% of Kornit Digital worth $38,300,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kornit Digital by 88.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,199 shares of the industrial products company's stock worth $2,692,000 after acquiring an additional 48,993 shares during the period. ArrowMark Colorado Holdings LLC increased its position in shares of Kornit Digital by 6.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 373,000 shares of the industrial products company's stock valued at $9,636,000 after buying an additional 24,000 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of Kornit Digital by 35.7% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company's stock valued at $16,045,000 after buying an additional 163,543 shares in the last quarter. XTX Topco Ltd grew its position in shares of Kornit Digital by 50.5% in the third quarter. XTX Topco Ltd now owns 31,532 shares of the industrial products company's stock valued at $815,000 after purchasing an additional 10,579 shares during the period. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Kornit Digital during the third quarter worth about $3,590,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.
Kornit Digital Stock Up 1.9 %
NASDAQ KRNT traded up $0.37 during trading on Tuesday, hitting $19.45. The stock had a trading volume of 84,229 shares, compared to its average volume of 292,196. The company has a market capitalization of $924.84 million, a PE ratio of -55.39 and a beta of 2.12. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.29. The firm has a 50 day moving average price of $25.30 and a 200 day moving average price of $27.31.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.
Wall Street Analyst Weigh In
KRNT has been the subject of several research reports. Morgan Stanley boosted their price objective on Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Needham & Company LLC increased their target price on shares of Kornit Digital from $31.00 to $34.00 and gave the company 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.00.
Check Out Our Latest Stock Report on Kornit Digital
Kornit Digital Company 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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