Royce & Associates LP lowered its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,200 shares of the industrial products company’s stock after selling 22,500 shares during the period. Royce & Associates LP owned approximately 0.85% of Kornit Digital worth $5,344,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC boosted its stake in Kornit Digital by 14.5% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,910,209 shares of the industrial products company’s stock worth $36,963,000 after acquiring an additional 242,177 shares in the last quarter. Schroder Investment Management Group boosted its stake in Kornit Digital by 4.7% during the first quarter. Schroder Investment Management Group now owns 1,060,670 shares of the industrial products company’s stock worth $20,206,000 after acquiring an additional 47,303 shares in the last quarter. Blair William & Co. IL boosted its stake in Kornit Digital by 134.3% during the first quarter. Blair William & Co. IL now owns 979,099 shares of the industrial products company’s stock worth $17,683,000 after acquiring an additional 561,155 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in Kornit Digital by 273.6% during the first quarter. Granahan Investment Management Inc. MA now owns 878,313 shares of the industrial products company’s stock worth $16,776,000 after acquiring an additional 643,213 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Kornit Digital by 362.8% during the second quarter. Russell Investments Group Ltd. now owns 861,802 shares of the industrial products company’s stock worth $16,676,000 after acquiring an additional 675,569 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Ltd. (NASDAQ KRNT) opened at 16.65 on Thursday. The company’s market cap is $560.41 million. Kornit Digital Ltd. has a 52 week low of $8.90 and a 52 week high of $23.15. The stock has a 50 day moving average of $18.14 and a 200 day moving average of $18.56.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The firm had revenue of $28.59 million for the quarter, compared to the consensus estimate of $29.81 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, analysts expect that Kornit Digital Ltd. will post $0.42 earnings per share for the current year.

KRNT has been the topic of several research reports. Zacks Investment Research lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Craig Hallum initiated coverage on shares of Kornit Digital in a research note on Tuesday, July 11th. They set a “buy” rating and a $26.00 price objective on the stock. Barclays PLC boosted their price objective on shares of Kornit Digital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 10th. BidaskClub raised shares of Kornit Digital from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Canaccord Genuity reissued a “buy” rating and set a $24.00 price objective on shares of Kornit Digital in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.86.

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About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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

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