Sei Investments Co. lowered its position in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 38.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,721 shares of the industrial products company’s stock after selling 4,766 shares during the period. Sei Investments Co.’s holdings in Kornit Digital were worth $118,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado bought a new stake in Kornit Digital during the 2nd quarter worth $101,000. Cowen Prime Services LLC grew its position in Kornit Digital by 104.8% during 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 during the last quarter. Van ECK Associates Corp grew its position in 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 worth $151,000 after acquiring an additional 2,583 shares during the last quarter. Wells Fargo & Company MN grew its position in Kornit Digital by 1,540.0% during the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 7,700 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Kornit Digital during the 2nd quarter worth $198,000. Institutional investors and hedge funds own 78.84% of the company’s stock.

KRNT has been the topic of a number of research reports. Zacks Investment Research lowered Kornit Digital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub upgraded Kornit Digital from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Stifel Nicolaus reduced their price objective on Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Barclays reduced their price objective on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 27th. Finally, Needham & Company LLC reduced 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.67.

Kornit Digital Ltd (NASDAQ KRNT) opened at $15.75 on Monday. The company has a market capitalization of $531.33, a PE ratio of 78.75, a price-to-earnings-growth ratio of 4.54 and a beta of 0.18. Kornit Digital Ltd has a twelve month low of $12.05 and a twelve month high of $23.15.

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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.

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

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