Artisan Partners Limited Partnership Has $103.15 Million Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Artisan Partners Limited Partnership decreased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,332,849 shares of the industrial products company’s stock after selling 156,933 shares during the quarter. Artisan Partners Limited Partnership owned approximately 7.01% of Kornit Digital worth $103,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in shares of Kornit Digital in the 3rd quarter valued at about $934,000. Lisanti Capital Growth LLC boosted its holdings in Kornit Digital by 119.0% in the fourth quarter. Lisanti Capital Growth LLC now owns 213,825 shares of the industrial products company’s stock valued at $6,618,000 after acquiring an additional 116,170 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Kornit Digital during the 3rd quarter valued at approximately $8,887,000. Stephens Investment Management Group LLC raised its holdings in Kornit Digital by 4.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company’s stock worth $41,545,000 after purchasing an additional 57,068 shares during the last quarter. Finally, Dudley & Shanley Inc. lifted its position in shares of Kornit Digital by 25.3% in the 3rd quarter. Dudley & Shanley Inc. now owns 259,525 shares of the industrial products company’s stock worth $6,705,000 after purchasing an additional 52,425 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KRNT shares. Morgan Stanley increased their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Cantor Fitzgerald upgraded Kornit Digital to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price objective on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

Kornit Digital Trading Down 3.6 %

NASDAQ:KRNT opened at $20.09 on Friday. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $27.26. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $34.29. The stock has a market capitalization of $955.32 million, a price-to-earnings ratio of -57.40 and a beta of 2.12.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 EPS for the quarter, missing the consensus estimate 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%. Equities analysts predict that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal 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.