Wasatch Advisors Inc. raised its position in Kornit Digital Ltd (NASDAQ:KRNT) by 41.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 799,339 shares of the industrial products company’s stock after acquiring an additional 233,397 shares during the quarter. Wasatch Advisors Inc.’s holdings in Kornit Digital were worth $19,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Kornit Digital during the third quarter worth about $6,868,000. BlackRock Inc. raised its stake in Kornit Digital by 6.3% during the third quarter. BlackRock Inc. now owns 410,780 shares of the industrial products company’s stock worth $8,996,000 after purchasing an additional 24,282 shares during the period. TIAA CREF Investment Management LLC raised its stake in Kornit Digital by 16.9% during the third quarter. TIAA CREF Investment Management LLC now owns 21,396 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 3,088 shares during the period. Vanguard Group Inc. raised its stake in Kornit Digital by 44.0% during the third quarter. Vanguard Group Inc. now owns 15,184 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 4,642 shares during the period. Finally, Vanguard Group Inc raised its stake in Kornit Digital by 44.0% during the third quarter. Vanguard Group Inc now owns 15,184 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 4,642 shares during the period. Institutional investors own 97.80% of the company’s stock.

KRNT has been the subject of a number of research reports. Zacks Investment Research cut shares of Kornit Digital from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Craig Hallum set a $25.00 price objective on shares of Kornit Digital and gave the company a “buy” rating in a report on Thursday, February 14th. BidaskClub upgraded shares of Kornit Digital from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, Needham & Company LLC lifted their price target on shares of Kornit Digital from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.29.

Shares of NASDAQ:KRNT traded down $0.67 during trading on Thursday, hitting $26.53. 2,571 shares of the company were exchanged, compared to its average volume of 535,601. The company has a market capitalization of $946.76 million, a PE ratio of 110.54 and a beta of 1.08. The company has a current ratio of 2.94, a quick ratio of 2.04 and a debt-to-equity ratio of 0.06. Kornit Digital Ltd has a 12-month low of $15.55 and a 12-month high of $29.63.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Monday, May 13th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $38.20 million for the quarter, compared to analysts’ expectations of $37.97 million. Kornit Digital had a return on equity of 4.27% and a net margin of 6.88%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities research analysts predict that Kornit Digital Ltd will post 0.44 EPS for the current fiscal year.

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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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

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Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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