Legato Capital Management LLC Has $4.84 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Legato Capital Management LLC lifted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 307.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,358 shares of the industrial products company's stock after purchasing an additional 118,010 shares during the period. Kornit Digital makes up about 0.6% of Legato Capital Management LLC's holdings, making the stock its 15th biggest position. Legato Capital Management LLC owned 0.33% of Kornit Digital worth $4,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KRNT. Trust Point Inc. grew its holdings in shares of Kornit Digital by 4.6% during the third quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company's stock valued at $462,000 after buying an additional 785 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Kornit Digital by 8.1% during the third quarter. Chicago Capital LLC now owns 3,089,263 shares of the industrial products company's stock valued at $79,811,000 after buying an additional 231,659 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Kornit Digital by 69.7% during the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company's stock valued at $150,000 after buying an additional 2,390 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Kornit Digital by 238.7% during the third quarter. Assenagon Asset Management S.A. now owns 90,282 shares of the industrial products company's stock valued at $2,332,000 after buying an additional 63,629 shares in the last quarter. Finally, Tectonic Advisors LLC purchased a new position in Kornit Digital in the third quarter valued at about $705,000. 92.76% of the stock is owned by institutional investors and hedge funds.

Kornit Digital Stock Down 5.3 %

Shares of NASDAQ:KRNT traded down $1.55 on Friday, reaching $27.60. The company had a trading volume of 367,398 shares, compared to its average volume of 216,622. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.28. The stock has a 50-day moving average price of $30.50 and a 200 day moving average price of $26.18. The stock has a market capitalization of $1.31 billion, a P/E ratio of -31.36 and a beta of 2.02.

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 for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. On average, sell-side analysts predict that Kornit Digital Ltd. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Needham & Company LLC boosted their target price on Kornit Digital from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday. Cantor Fitzgerald restated an "overweight" rating and issued a $39.00 target price on shares of Kornit Digital in a research note on Thursday. Craig Hallum boosted their target price on Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their target price on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

About Kornit Digital

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.