Schroder Investment Management Group lowered its stake in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 23.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 816,026 shares of the industrial products company’s stock after selling 249,822 shares during the quarter. Schroder Investment Management Group owned about 2.42% of Kornit Digital worth $12,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRNT. Public Employees Retirement Association of Colorado acquired a new stake in Kornit Digital in the second quarter valued at about $101,000. Cowen Prime Services LLC lifted its position in Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 3,100 shares during the period. Van ECK Associates Corp lifted its position in Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 2,583 shares during the period. Wells Fargo & Company MN lifted its position in Kornit Digital by 1,540.0% in the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 7,700 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in Kornit Digital in the second quarter valued at about $198,000. 78.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kornit Digital Ltd (NASDAQ KRNT) opened at $16.00 on Friday. Kornit Digital Ltd has a 12-month low of $12.05 and a 12-month high of $23.15. The stock has a market cap of $553.26, a P/E ratio of 82.00, a PEG ratio of 4.73 and a beta of 0.18.

KRNT has been the subject of a number of recent analyst reports. Craig Hallum reduced their price objective on shares of Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Barclays set a $17.00 price objective on shares of Kornit Digital and gave the company a “buy” rating in a research report on Wednesday, November 15th. Needham & Company LLC reduced their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target (down from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reduced their price target on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.67.

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Kornit Digital Company Profile

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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