Fox Run Management L.L.C. Invests $298,000 in Kornit Digital Ltd. (NASDAQ:KRNT)

Fox Run Management L.L.C. purchased a new stake in Kornit Digital Ltd. (NASDAQ:KRNT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,622 shares of the industrial products company’s stock, valued at approximately $298,000.

Other hedge funds have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN boosted its holdings in Kornit Digital by 2.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,113,832 shares of the industrial products company’s stock valued at $54,611,000 after purchasing an additional 53,257 shares during the period. Riverbridge Partners LLC raised its position in shares of Kornit Digital by 21.1% in the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company’s stock valued at $59,643,000 after buying an additional 335,713 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Kornit Digital by 4.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company’s stock valued at $41,545,000 after buying an additional 57,068 shares during the period. Artemis Investment Management LLP increased its stake in Kornit Digital by 138.2% during the 4th quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company’s stock worth $19,867,000 after acquiring an additional 372,443 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Kornit Digital by 35.7% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company’s stock valued at $16,045,000 after acquiring an additional 163,543 shares in the last quarter. 92.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on KRNT shares. Needham & Company LLC increased their target price on Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley raised their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Cantor Fitzgerald raised shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kornit Digital currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Kornit Digital Stock Down 3.6 %

Kornit Digital stock opened at $20.09 on Friday. The stock has a market cap of $955.32 million, a PE ratio of -57.40 and a beta of 2.12. Kornit Digital Ltd. has a 12-month low of $13.59 and a 12-month high of $34.29. The business’s 50-day moving average price is $25.72 and its two-hundred day moving average price is $27.26.

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