Schroder Investment Management Group Sells 114,137 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Schroder Investment Management Group decreased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 875,868 shares of the industrial products company's stock after selling 114,137 shares during the quarter. Schroder Investment Management Group owned 1.84% of Kornit Digital worth $27,511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRNT. Disciplined Growth Investors Inc. MN boosted its stake in Kornit Digital by 2.6% in the 3rd 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 buying an additional 53,257 shares in the last quarter. Riverbridge Partners LLC boosted its stake in shares of Kornit Digital by 21.1% in 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 purchasing an additional 335,713 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Kornit Digital by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company's stock worth $41,545,000 after purchasing an additional 57,068 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Kornit Digital by 259.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company's stock worth $38,300,000 after purchasing an additional 893,463 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Kornit Digital by 138.2% during the 4th quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company's stock valued at $19,867,000 after purchasing an additional 372,443 shares during the last quarter. 92.76% of the stock is owned by institutional investors.

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Kornit Digital Trading Up 1.0 %

Shares of Kornit Digital stock traded up $0.16 during midday trading on Monday, reaching $15.98. The company had a trading volume of 534,068 shares, compared to its average volume of 292,944. The stock has a fifty day simple moving average of $24.03 and a 200 day simple moving average of $27.10. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29. The company has a market capitalization of $759.88 million, a price-to-earnings ratio of -45.66 and a beta of 2.08.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 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%. Sell-side analysts expect that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

KRNT has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price objective on Kornit Digital from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Kornit Digital Company 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.