Kornit Digital Ltd. (NASDAQ:KRNT) Stock Position Raised by Chicago Capital LLC

Chicago Capital LLC lifted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNTGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,154 shares of the industrial products company’s stock after acquiring an additional 6,529 shares during the quarter. Kornit Digital accounts for 2.1% of Chicago Capital LLC’s portfolio, making the stock its 18th largest holding. Chicago Capital LLC owned 1.19% of Kornit Digital worth $48,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorsey Wright & Associates boosted its stake in shares of Kornit Digital by 15.7% during the 4th quarter. Dorsey Wright & Associates now owns 1,122 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 152 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Kornit Digital by 0.8% in the third quarter. Royal Bank of Canada now owns 18,881 shares of the industrial products company’s stock worth $2,733,000 after buying an additional 158 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Kornit Digital in the fourth quarter worth $30,000. Stephens Inc. AR boosted its position in shares of Kornit Digital by 9.1% in the fourth quarter. Stephens Inc. AR now owns 2,854 shares of the industrial products company’s stock worth $435,000 after buying an additional 237 shares during the period. Finally, HM Payson & Co. acquired a new stake in shares of Kornit Digital in the fourth quarter worth $39,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:KRNT opened at $31.25 on Friday. Kornit Digital Ltd. has a 1 year low of $30.43 and a 1 year high of $181.38. The business has a fifty day simple moving average of $45.08 and a 200 day simple moving average of $80.47. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 260.44 and a beta of 1.94.

Kornit Digital (NASDAQ:KRNTGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.18). Kornit Digital had a return on equity of 1.63% and a net margin of 1.54%. The firm had revenue of $83.29 million for the quarter, compared to analysts’ expectations of $88.60 million. On average, sell-side analysts anticipate that Kornit Digital Ltd. will post -0.07 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. TheStreet cut Kornit Digital from a “c-” rating to a “d+” rating in a research report on Thursday, June 2nd. Needham & Company LLC decreased their target price on Kornit Digital from $202.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, April 21st. Finally, StockNews.com assumed coverage on Kornit Digital in a research report on Thursday, March 31st. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.80.

About Kornit Digital (Get Rating)

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.

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

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