Kornit Digital Ltd. $KRNT Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. boosted its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 876,977 shares of the industrial products company’s stock after acquiring an additional 87,216 shares during the period. Kornit Digital accounts for about 1.6% of Thompson Investment Management Inc.’s holdings, making the stock its 12th biggest position. Thompson Investment Management Inc.’s holdings in Kornit Digital were worth $12,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KRNT. Dudley & Shanley Inc. increased its stake in shares of Kornit Digital by 97.5% during the third quarter. Dudley & Shanley Inc. now owns 1,258,895 shares of the industrial products company’s stock worth $16,995,000 after acquiring an additional 621,595 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Kornit Digital by 79.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 557,873 shares of the industrial products company’s stock worth $11,107,000 after buying an additional 247,763 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in shares of Kornit Digital by 21.1% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 779,559 shares of the industrial products company’s stock worth $10,524,000 after acquiring an additional 135,709 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in Kornit Digital during the third quarter worth $6,356,000. Finally, Hood River Capital Management LLC grew its stake in Kornit Digital by 39.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,182,569 shares of the industrial products company’s stock valued at $43,455,000 after acquiring an additional 613,070 shares during the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Wall Street Analysts Forecast Growth

KRNT has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Kornit Digital in a research note on Wednesday, February 11th. Morgan Stanley reissued a “positive” rating and issued a $17.00 price target on shares of Kornit Digital in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Kornit Digital in a research report on Wednesday. Finally, Wall Street Zen raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.25.

Kornit Digital Stock Performance

KRNT opened at $14.54 on Monday. The company’s 50 day simple moving average is $14.65 and its 200 day simple moving average is $14.17. Kornit Digital Ltd. has a 1 year low of $11.93 and a 1 year high of $23.48. The stock has a market capitalization of $651.25 million, a PE ratio of -46.90 and a beta of 1.79.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $58.86 million for the quarter, compared to analysts’ expectations of $58.16 million. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, sell-side analysts expect that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal year.

About Kornit Digital

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.