Stephens Investment Management Group LLC Boosts Stock Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Stephens Investment Management Group LLC lifted its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,342,321 shares of the industrial products company's stock after purchasing an additional 57,068 shares during the period. Stephens Investment Management Group LLC owned 2.82% of Kornit Digital worth $41,545,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in Kornit Digital by 421.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 470,674 shares of the industrial products company's stock valued at $14,567,000 after buying an additional 380,392 shares during the period. Artemis Investment Management LLP increased its stake in shares of Kornit Digital by 138.2% in 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 acquiring an additional 372,443 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Kornit Digital during the 3rd quarter valued at $8,887,000. Riverbridge Partners LLC boosted its stake in Kornit Digital by 21.1% during the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock worth $59,643,000 after acquiring an additional 335,713 shares in the last quarter. Finally, Chicago Capital LLC grew its holdings in Kornit Digital by 8.1% in the third quarter. Chicago Capital LLC now owns 3,089,263 shares of the industrial products company's stock worth $79,811,000 after purchasing an additional 231,659 shares during the period. Institutional investors and hedge funds own 92.76% of the company's stock.

Analyst Ratings Changes

KRNT has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Craig Hallum upped their price target on Kornit Digital from $27.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Finally, Cantor Fitzgerald began coverage on Kornit Digital in a research report on Tuesday, November 26th. They set an "overweight" rating and a $39.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kornit Digital has a consensus rating of "Moderate Buy" and a consensus target price of $33.40.

Kornit Digital Stock Up 0.0 %

KRNT stock traded up $0.01 during mid-day trading on Wednesday, reaching $29.16. 748,026 shares of the company traded hands, compared to its average volume of 236,147. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -33.14 and a beta of 2.02. Kornit Digital Ltd. has a fifty-two week low of $13.59 and a fifty-two week high of $34.28. The firm's 50 day moving average price is $30.67 and its 200 day moving average price is $26.06.

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 (EPS) for the quarter, missing the consensus estimate 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, analysts anticipate that Kornit Digital Ltd. will post -0.22 EPS for the current fiscal year.

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.