Kornit Digital Ltd (KRNT) Stake Boosted by Royce & Associates LP

Royce & Associates LP increased its holdings in Kornit Digital Ltd (NASDAQ:KRNT) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,200 shares of the industrial products company’s stock after acquiring an additional 18,000 shares during the period. Royce & Associates LP owned about 0.87% of Kornit Digital worth $4,501,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Unterberg Capital LLC grew its holdings in shares of Kornit Digital by 33.3% in the third quarter. Unterberg Capital LLC now owns 200,000 shares of the industrial products company’s stock valued at $3,060,000 after acquiring an additional 50,000 shares in the last quarter. Senvest Management LLC grew its holdings in shares of Kornit Digital by 9.7% in the third quarter. Senvest Management LLC now owns 1,310,177 shares of the industrial products company’s stock valued at $20,046,000 after acquiring an additional 115,400 shares in the last quarter. Pier Capital LLC grew its holdings in shares of Kornit Digital by 17.1% in the third quarter. Pier Capital LLC now owns 441,631 shares of the industrial products company’s stock valued at $6,757,000 after acquiring an additional 64,581 shares in the last quarter. Elk Creek Partners LLC bought a new position in shares of Kornit Digital in the third quarter valued at approximately $6,001,000. Finally, Formula Growth Ltd. bought a new position in shares of Kornit Digital in the third quarter valued at approximately $1,377,000. 78.84% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, September 27th. Needham & Company LLC reduced their target price on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Stifel Nicolaus reduced their price objective on Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Finally, Citigroup lowered Kornit Digital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $14.00 in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.67.

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

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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.

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

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