Citadel Advisors LLC lessened its stake in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 32.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,539 shares of the industrial products company’s stock after selling 5,108 shares during the quarter. Citadel Advisors LLC’s holdings in Kornit Digital were worth $188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Chester Capital Advisors Inc. bought a new stake in Kornit Digital during the 2nd quarter valued at $178,000. Engineers Gate Manager LP bought a new stake in Kornit Digital during the 2nd quarter valued at $201,000. Wells Fargo & Company MN lifted its holdings in shares of Kornit Digital by 65.5% during the 1st quarter. Wells Fargo & Company MN now owns 14,146 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 5,600 shares during the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Kornit Digital during the 2nd quarter valued at $254,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Kornit Digital during the 1st quarter valued at $194,000. 95.06% of the stock is currently owned by institutional investors and hedge funds.

KRNT has been the subject of several analyst reports. ValuEngine upgraded Kornit Digital from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Citigroup initiated coverage on Kornit Digital in a report on Wednesday, July 18th. They set a “neutral” rating and a $20.00 price objective for the company. Barclays reiterated a “buy” rating and set a $22.00 price objective on shares of Kornit Digital in a report on Wednesday, August 8th. BidaskClub upgraded Kornit Digital from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. Finally, Canaccord Genuity increased their price objective on Kornit Digital from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.67.

Shares of KRNT opened at $21.50 on Thursday. Kornit Digital Ltd has a 12 month low of $11.70 and a 12 month high of $22.20. The firm has a market cap of $754.76 million, a PE ratio of 183.33 and a beta of 0.39.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $35.90 million during the quarter, compared to analyst estimates of $35.26 million. Kornit Digital had a return on equity of 2.69% and a net margin of 1.47%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. sell-side analysts expect that Kornit Digital Ltd will post 0.23 earnings per share for the current year.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

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

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