Quantum Capital Management lifted its stake in Kornit Digital Ltd (NASDAQ:KRNT) by 35.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 157,267 shares of the industrial products company’s stock after acquiring an additional 41,385 shares during the quarter. Kornit Digital accounts for 1.2% of Quantum Capital Management’s investment portfolio, making the stock its 19th largest position. Quantum Capital Management owned 0.46% of Kornit Digital worth $3,444,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Kornit Digital by 65.5% during the 1st quarter. Wells Fargo & Company MN now owns 14,146 shares of the industrial products company’s stock worth $182,000 after buying an additional 5,600 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Kornit Digital by 6.3% during the 1st quarter. Northern Trust Corp now owns 96,463 shares of the industrial products company’s stock worth $1,245,000 after buying an additional 5,754 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kornit Digital by 183.8% during the 1st quarter. JPMorgan Chase & Co. now owns 34,260 shares of the industrial products company’s stock worth $441,000 after buying an additional 22,190 shares in the last quarter. California State Teachers Retirement System acquired a new position in shares of Kornit Digital during the 1st quarter worth $194,000. Finally, Chicago Capital LLC raised its holdings in shares of Kornit Digital by 51.7% during the 2nd quarter. Chicago Capital LLC now owns 1,029,579 shares of the industrial products company’s stock worth $18,327,000 after buying an additional 350,667 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Shares of KRNT opened at $22.40 on Thursday. Kornit Digital Ltd has a 12-month low of $11.70 and a 12-month high of $23.61. The stock has a market capitalization of $655.95 million, a price-to-earnings ratio of 95.60 and a beta of 0.67.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Monday, November 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Kornit Digital had a return on equity of 4.61% and a net margin of 3.78%. The business had revenue of $37.60 million during the quarter, compared to analysts’ expectations of $37.65 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year. Equities analysts forecast that Kornit Digital Ltd will post 0.23 earnings per share for the current year.

KRNT has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Kornit Digital from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 8th. BidaskClub raised Kornit Digital from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Needham & Company LLC boosted their price target on Kornit Digital from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Barclays set a $24.00 target price on Kornit Digital and gave the stock a “buy” rating in a report on Saturday, October 13th. Finally, ValuEngine raised Kornit Digital from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.60.

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Kornit Digital Company Profile

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

Read More: Outstanding Shares and The Effect on Share Price

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

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