1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership acquired a new position in shares of Kornit Digital Ltd. ( NASDAQ:KRNT – Free Report ) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 184,541 shares of the industrial products company’s stock, valued at approximately $5,712,000.
Several other institutional investors have also modified their holdings of the stock. Pictet Asset Management Holding SA purchased a new stake in Kornit Digital in the fourth quarter valued at $203,000. Loomis Sayles & Co.
L P lifted its holdings in shares of Kornit Digital by 259.7% in the 4th quarter. Loomis Sayles & Co.
L P now owns 1,237,453 shares of the industrial products company’s stock valued at $38,300,000 after purchasing an additional 893,463 shares during the last quarter. Fox Run Management L.L.
C. acquired a new stake in shares of Kornit Digital in the 4th quarter valued at about $298,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kornit Digital in the 4th quarter valued at about $288,000.
Finally, Sei Investments Co. grew its stake in Kornit Digital by 23.0% during the 4th quarter.
Sei Investments Co. now owns 269,083 shares of the industrial products company’s stock worth $8,328,000 after buying an additional 50,273 shares during the last quarter. Hedge funds and other institutional investors own 92.
76% of the company’s stock. Kornit Digital Price Performance Shares of NASDAQ KRNT opened at $15.98 on Tuesday.
The stock has a fifty day moving average price of $24.03 and a 200 day moving average price of $27.10.
Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.
29. The company has a market cap of $759.88 million, a PE ratio of -45.
66 and a beta of 2.08. Wall Street Analysts Forecast Growth KRNT has been the subject of a number of research reports.
Cantor Fitzgerald upgraded Kornit Digital to a “strong-buy” rating in a research note on Thursday, February 27th. Needham & Company LLC upped 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. Finally, Morgan Stanley raised their price objective on shares of Kornit Digital from $33.00 to $38.
00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.
com, Kornit Digital presently has an average rating of “Moderate Buy” and an average target price of $34.00. View Our Latest Stock Analysis on KRNT About Kornit Digital ( Free Report ) 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. Read More Want to see what other hedge funds are holding KRNT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Kornit Digital Ltd. ( NASDAQ:KRNT – Free Report ). Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.
com's FREE daily email newsletter ..
