Sei Investments Co. Buys 50,273 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Sei Investments Co. raised its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,083 shares of the industrial products company's stock after acquiring an additional 50,273 shares during the period. Sei Investments Co. owned approximately 0.57% of Kornit Digital worth $8,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 purchasing an additional 48,993 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Kornit Digital by 6.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 373,000 shares of the industrial products company's stock worth $9,636,000 after buying an additional 24,000 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Kornit Digital by 35.7% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company's stock worth $16,045,000 after buying an additional 163,543 shares during the last quarter. XTX Topco Ltd raised its position in shares of Kornit Digital by 50.5% during the 3rd quarter. XTX Topco Ltd now owns 31,532 shares of the industrial products company's stock valued at $815,000 after buying an additional 10,579 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Kornit Digital during the 3rd quarter valued at about $3,590,000. 92.76% of the stock is currently owned by institutional investors.

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Kornit Digital Price Performance

Shares of NASDAQ:KRNT traded down $2.79 on Thursday, hitting $16.80. 479,063 shares of the company's stock were exchanged, compared to its average volume of 291,139. The stock has a market capitalization of $798.87 million, a price-to-earnings ratio of -48.00 and a beta of 2.08. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $34.29. The business's 50 day simple moving average is $24.59 and its two-hundred day simple moving average is $27.16.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley lifted their price target on Kornit Digital from $33.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Cantor Fitzgerald upgraded Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC increased their price target on Kornit Digital from $31.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kornit Digital presently has an average rating of "Moderate Buy" and an average target price of $34.00.

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.