Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 17.0% in the fourth quarter, Holdings Channel reports. The fund owned 449,727 shares of the industrial products company’s stock after selling 92,146 shares during the period. Blair William & Co. IL’s holdings in Kornit Digital were worth $13,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KRNT. Fifth Third Bancorp grew 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 purchasing an additional 393 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Kornit Digital by 35.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock worth $117,000 after buying an additional 988 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Kornit Digital in the 4th quarter valued at $237,000. US Bancorp DE increased its stake in shares of Kornit Digital by 7.4% in the 4th quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 572 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Kornit Digital during the 4th quarter worth $288,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

Kornit Digital Price Performance

Shares of KRNT opened at $19.50 on Friday. The firm has a 50-day simple moving average of $25.51 and a two-hundred day simple moving average of $27.27. The stock has a market cap of $927.26 million, a PE ratio of -55.71 and a beta of 2.12. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. As a group, sell-side analysts expect that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KRNT has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Cantor Fitzgerald upgraded shares of Kornit Digital to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC lifted their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

About Kornit Digital

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.