Williams Jones & Associates LLC increased its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 36.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,250 shares of the industrial products company’s stock after purchasing an additional 24,500 shares during the quarter. Williams Jones & Associates LLC owned approximately 0.27% of Kornit Digital worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Falcon Point Capital LLC lifted its position in Kornit Digital by 2.2% during the second quarter. Falcon Point Capital LLC now owns 100,873 shares of the industrial products company’s stock valued at $1,952,000 after purchasing an additional 2,152 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Kornit Digital by 49.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 2,583 shares during the period. Cowen Prime Services LLC increased its holdings in Kornit Digital by 104.8% in the 2nd quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 3,100 shares in the last quarter. Swiss National Bank increased its holdings in Kornit Digital by 8.7% in the 2nd quarter. Swiss National Bank now owns 41,300 shares of the industrial products company’s stock worth $799,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Kornit Digital by 37.1% in the 2nd quarter. Sei Investments Co. now owns 12,487 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 3,376 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

A number of research firms have weighed in on KRNT. Craig Hallum began coverage on shares of Kornit Digital in a research report on Tuesday, July 11th. They issued a “buy” rating and a $26.00 price target for the company. BidaskClub raised Kornit Digital from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Citigroup Inc. downgraded Kornit Digital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.50 to $14.00 in a research report on Wednesday, September 27th. Needham & Company LLC lowered their price objective on Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Kornit Digital has a consensus rating of “Hold” and a consensus target price of $18.86.

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Kornit Digital Ltd. (NASDAQ:KRNT) traded up 0.65% during trading on Wednesday, reaching $15.50. The company’s stock had a trading volume of 41,252 shares. Kornit Digital Ltd. has a one year low of $9.00 and a one year high of $19.30. The stock has a 50-day moving average of $16.99 and a 200 day moving average of $16.99. The firm’s market capitalization is $522.89 million.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $28.59 million for the quarter, compared to analyst estimates of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. On average, equities research analysts predict that Kornit Digital Ltd. will post $0.18 EPS for the current fiscal year.

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.

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

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