Thompson Investment Management Inc. Has $8.92 Million Stock Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Thompson Investment Management Inc. decreased its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 45.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,170 shares of the industrial products company’s stock after selling 235,619 shares during the period. Kornit Digital accounts for approximately 1.3% of Thompson Investment Management Inc.’s portfolio, making the stock its 21st biggest position. Thompson Investment Management Inc. owned about 0.61% of Kornit Digital worth $8,919,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Kornit Digital by 23.4% during the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 393 shares during the period. Signaturefd LLC increased its stake in Kornit Digital by 69.7% during the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 2,390 shares during the period. Privium Fund Management B.V. increased its stake in Kornit Digital by 8.8% during the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 950 shares during the period. Trust Point Inc. boosted its holdings in Kornit Digital by 4.6% during the third quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 785 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Kornit Digital by 3.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 625 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KRNT has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on Kornit Digital in a report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price objective on the stock. Morgan Stanley boosted their target price on Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Needham & Company LLC boosted their target price on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Craig Hallum boosted their target price on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.40.

Kornit Digital Trading Down 1.4 %

Shares of Kornit Digital stock opened at $28.97 on Friday. The company has a market capitalization of $1.38 billion, a PE ratio of -32.92 and a beta of 2.02. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $34.28. The stock’s fifty day simple moving average is $30.76 and its 200 day simple moving average is $25.72.

Kornit Digital (NASDAQ:KRNT) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $50.73 million during the quarter, compared to analysts’ expectations of $50.44 million. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The company’s revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. Analysts predict that Kornit Digital Ltd. will post -0.22 EPS for the current fiscal year.

Kornit Digital Profile

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.