Kornit Digital Ltd. (NASDAQ:KRNT) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 259.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,237,453 shares of the industrial products company’s stock after acquiring an additional 893,463 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Kornit Digital were worth $38,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KRNT. Fifth Third Bancorp grew its position in Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock worth $64,000 after buying an additional 393 shares during the last quarter. US Bancorp DE raised its position in shares of Kornit Digital by 7.4% during the fourth quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 572 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Kornit Digital by 3.6% during the third 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 last quarter. American Century Companies Inc. boosted its position in shares of Kornit Digital by 8.5% in the 4th quarter. American Century Companies Inc. now owns 11,120 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 874 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 988 shares in the last quarter. 92.76% of the stock is owned by institutional investors and hedge funds.

Kornit Digital Stock Performance

Kornit Digital stock opened at $20.09 on Friday. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.29. The firm has a market cap of $955.32 million, a PE ratio of -57.40 and a beta of 2.12. The firm’s 50 day moving average price is $25.72 and its two-hundred day moving average price is $27.26.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share 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 anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on KRNT. Morgan Stanley raised their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Needham & Company LLC raised their price objective on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded shares of Kornit Digital to a “strong-buy” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kornit Digital presently 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.