Hood River Capital Management LLC purchased a new stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,066 shares of the industrial products company’s stock, valued at approximately $246,000.

A number of other large investors have also bought and sold shares of KRNT. Bank of New York Mellon Corp acquired a new position in Kornit Digital during the first quarter valued at $475,000. Parametric Portfolio Associates LLC raised its position in Kornit Digital by 255.2% during the first quarter. Parametric Portfolio Associates LLC now owns 39,778 shares of the industrial products company’s stock valued at $760,000 after buying an additional 28,578 shares during the period. TIAA CREF Investment Management LLC raised its position in Kornit Digital by 244.8% during the first quarter. TIAA CREF Investment Management LLC now owns 33,110 shares of the industrial products company’s stock valued at $632,000 after buying an additional 23,507 shares during the period. UBS Group AG acquired a new position in Kornit Digital during the first quarter valued at $787,000. Finally, Bank of America Corp DE raised its position in Kornit Digital by 364.8% during the first quarter. Bank of America Corp DE now owns 32,127 shares of the industrial products company’s stock valued at $614,000 after buying an additional 25,215 shares during the period. 77.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kornit Digital Ltd. (NASDAQ KRNT) traded down $0.05 during midday trading on Friday, reaching $16.80. The company’s stock had a trading volume of 148,121 shares, compared to its average volume of 209,907. Kornit Digital Ltd. has a 1 year low of $11.05 and a 1 year high of $23.15. The stock has a market capitalization of $566.72 and a P/E ratio of 78.00.

Several research analysts recently weighed in on KRNT shares. BidaskClub lowered Kornit Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and set a $24.00 price target on shares of Kornit Digital in a research report on Tuesday, August 8th. Citigroup Inc. lowered Kornit Digital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.50 to $14.00 in a research report on Wednesday, September 27th. Stifel Nicolaus dropped their price target on Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Finally, Needham & Company LLC lowered their target price on Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Kornit Digital presently has an average rating of “Hold” and a consensus price target of $18.67.

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Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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

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