Schroder Investment Management Group Has $27.51 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Schroder Investment Management Group reduced its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 875,868 shares of the industrial products company’s stock after selling 114,137 shares during the quarter. Schroder Investment Management Group owned 1.84% of Kornit Digital worth $27,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership acquired a new position in Kornit Digital during the fourth quarter valued at approximately $5,712,000. Pictet Asset Management Holding SA acquired a new position in Kornit Digital during the fourth quarter worth about $203,000. Loomis Sayles & Co. L P lifted its holdings in shares of Kornit Digital by 259.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company’s stock worth $38,300,000 after acquiring an additional 893,463 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Kornit Digital in the 4th quarter valued at approximately $298,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Kornit Digital during the 4th quarter valued at approximately $288,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KRNT. Morgan Stanley increased their price target on Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Needham & Company LLC lifted their price target on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded Kornit Digital to a “strong-buy” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Kornit Digital Trading Up 3.5 %

Shares of KRNT stock opened at $19.59 on Thursday. The stock has a 50-day moving average of $24.86 and a 200-day moving average of $27.23. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29. The stock has a market cap of $931.54 million, a price-to-earnings ratio of -55.97 and a beta of 2.08.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. Sell-side analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.

About Kornit Digital

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. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.