Thompson Investment Management Inc. Sells 235,619 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Thompson Investment Management Inc. lessened its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 288,170 shares of the industrial products company's stock after selling 235,619 shares during the quarter. Kornit Digital comprises about 1.3% of Thompson Investment Management Inc.'s portfolio, making the stock its 21st largest holding. Thompson Investment Management Inc. owned approximately 0.61% of Kornit Digital worth $8,919,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 393 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Kornit Digital by 3.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company's stock valued at $468,000 after purchasing an additional 625 shares during the period. Trust Point Inc. grew its position in shares of Kornit Digital by 4.6% during the 3rd quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company's stock worth $462,000 after purchasing an additional 785 shares in the last quarter. Privium Fund Management B.V. grew its position in shares of Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company's stock worth $305,000 after purchasing an additional 950 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kornit Digital by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 23,779 shares of the industrial products company's stock worth $614,000 after purchasing an additional 1,284 shares during the period. Institutional investors own 92.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KRNT. Morgan Stanley increased 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. Craig Hallum increased their target price on Kornit Digital from $27.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC boosted their price target on Kornit Digital from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Kornit Digital in a research note on Tuesday, November 26th. They set an "overweight" rating and a $39.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.40.

Kornit Digital Stock Up 0.0 %

Shares of KRNT traded up $0.01 during midday trading on Wednesday, hitting $29.16. The company's stock had a trading volume of 748,026 shares, compared to its average volume of 236,147. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.28. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -33.14 and a beta of 2.02. The company's fifty day simple moving average is $30.67 and its two-hundred day simple moving average is $26.06.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last released its 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 net margin of 21.00% and a negative return on equity of 2.17%. On average, research analysts predict that Kornit Digital Ltd. will post -0.22 earnings per share for the current year.

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.