Disciplined Growth Investors Inc. MN Raises Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Disciplined Growth Investors Inc. MN raised its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,060,575 shares of the industrial products company's stock after acquiring an additional 111,971 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 4.32% of Kornit Digital worth $30,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chicago Capital LLC raised its position in shares of Kornit Digital by 14.9% in the 2nd quarter. Chicago Capital LLC now owns 2,857,604 shares of the industrial products company's stock valued at $41,835,000 after purchasing an additional 370,962 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Kornit Digital by 6.7% in the first quarter. Wasatch Advisors LP now owns 1,810,302 shares of the industrial products company's stock worth $32,803,000 after buying an additional 114,372 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Kornit Digital by 23.8% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,466,159 shares of the industrial products company's stock worth $28,092,000 after buying an additional 282,241 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Kornit Digital by 6.0% during the second quarter. William Blair Investment Management LLC now owns 987,863 shares of the industrial products company's stock valued at $14,462,000 after buying an additional 56,157 shares during the last quarter. Finally, LHM Inc. acquired a new position in shares of Kornit Digital in the 2nd quarter valued at $12,042,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

Kornit Digital Price Performance

KRNT stock traded up $1.27 during trading on Friday, hitting $26.45. 682,863 shares of the company traded hands, compared to its average volume of 369,257. Kornit Digital Ltd. has a 1 year low of $13.29 and a 1 year high of $26.51. The company has a market cap of $1.26 billion, a PE ratio of -21.68 and a beta of 1.90. The stock's 50-day simple moving average is $19.16 and its 200 day simple moving average is $16.90.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. The firm had revenue of $48.62 million during the quarter, compared to analyst estimates of $50.24 million. During the same period in the previous year, the firm earned ($0.28) EPS. The business's quarterly revenue was down 13.5% on a year-over-year basis. Research analysts expect that Kornit Digital Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

KRNT has been the topic of several research analyst reports. Craig Hallum boosted their price target on Kornit Digital from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Morgan Stanley upped their target price on Kornit Digital from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Needham & Company LLC restated a "buy" rating and set a $27.00 price objective on shares of Kornit Digital in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of Kornit Digital from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th.

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.