Bamco Inc. NY grew its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 92.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,000 shares of the industrial products company’s stock after purchasing an additional 81,500 shares during the quarter. Bamco Inc. NY owned approximately 0.50% of Kornit Digital worth $3,289,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Falcon Point Capital LLC grew its holdings in shares of Kornit Digital by 2.2% during the second quarter. Falcon Point Capital LLC now owns 100,873 shares of the industrial products company’s stock worth $1,952,000 after buying an additional 2,152 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after buying an additional 2,583 shares during the last quarter. Cowen Prime Services LLC raised its position in shares of Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,100 shares during the last quarter. Swiss National Bank raised its position in shares of Kornit Digital by 8.7% in the second quarter. Swiss National Bank now owns 41,300 shares of the industrial products company’s stock valued at $799,000 after buying an additional 3,300 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Kornit Digital by 37.1% in the second quarter. Sei Investments Co. now owns 12,487 shares of the industrial products company’s stock worth $242,000 after buying an additional 3,376 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

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KRNT has been the topic of a number of recent research reports. BidaskClub lowered shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Craig Hallum assumed coverage on shares of Kornit Digital in a report on Tuesday, July 11th. They issued a “buy” rating and a $26.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 price objective on shares of Kornit Digital in a report on Tuesday, August 8th. Finally, Needham & Company LLC cut their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.86.

Shares of Kornit Digital Ltd. (NASDAQ KRNT) opened at 15.30 on Monday. The firm has a 50 day moving average price of $17.77 and a 200-day moving average price of $17.77. The firm’s market capitalization is $516.15 million. Kornit Digital Ltd. has a 52 week low of $8.90 and a 52 week high of $19.30.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $29.81 million. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. Kornit Digital’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities research analysts predict that Kornit Digital Ltd. will post $0.18 EPS for the current fiscal year.

About Kornit Digital

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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