Thompson Investment Management Inc. Increases Position in Kornit Digital Ltd. $KRNT

Thompson Investment Management Inc. boosted its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 876,977 shares of the industrial products company’s stock after acquiring an additional 87,216 shares during the quarter. Kornit Digital comprises about 1.6% of Thompson Investment Management Inc.’s portfolio, making the stock its 12th largest position. Thompson Investment Management Inc. owned about 1.96% of Kornit Digital worth $12,611,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Hood River Capital Management LLC boosted its holdings in Kornit Digital by 39.1% in the second quarter. Hood River Capital Management LLC now owns 2,182,569 shares of the industrial products company’s stock valued at $43,455,000 after purchasing an additional 613,070 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Kornit Digital by 6.9% during the 3rd quarter. Granahan Investment Management LLC now owns 1,955,150 shares of the industrial products company’s stock valued at $26,395,000 after buying an additional 125,719 shares in the last quarter. Dudley & Shanley Inc. lifted its holdings in Kornit Digital by 97.5% during the third quarter. Dudley & Shanley Inc. now owns 1,258,895 shares of the industrial products company’s stock valued at $16,995,000 after purchasing an additional 621,595 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Kornit Digital by 3.4% in the 3rd quarter. Schroder Investment Management Group now owns 1,082,237 shares of the industrial products company’s stock worth $14,621,000 after buying an additional 35,348 shares during the last quarter. Finally, Medina Value Partners LLC acquired a new position in shares of Kornit Digital during the third quarter valued at approximately $12,732,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KRNT has been the topic of several research reports. Wall Street Zen raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley restated a “positive” rating and issued a $17.00 target price on shares of Kornit Digital in a research report on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Kornit Digital in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kornit Digital in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kornit Digital currently has a consensus rating of “Hold” and an average price target of $20.25.

Kornit Digital Price Performance

NASDAQ:KRNT opened at $14.54 on Monday. Kornit Digital Ltd. has a 12 month low of $11.93 and a 12 month high of $23.48. The firm has a market capitalization of $651.25 million, a PE ratio of -46.90 and a beta of 1.79. The business’s fifty day moving average price is $14.65 and its 200 day moving average price is $14.17.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The firm had revenue of $58.86 million during the quarter, compared to analysts’ expectations of $58.16 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current year.

Kornit Digital Company Profile

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.