Kornit Digital Ltd. $KRNT Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 40.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,355 shares of the industrial products company’s stock after acquiring an additional 54,472 shares during the quarter. Moody National Bank Trust Division owned 0.42% of Kornit Digital worth $2,723,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Medina Value Partners LLC acquired a new stake in Kornit Digital in the 3rd quarter worth approximately $12,732,000. Dudley & Shanley Inc. lifted its stake in shares of 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 worth $16,995,000 after buying an additional 621,595 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Kornit Digital by 39.1% during 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 buying an additional 613,070 shares during the last quarter. Thompson Investment Management Inc. increased its position in shares of Kornit Digital by 169.5% in the 3rd quarter. Thompson Investment Management Inc. now owns 789,761 shares of the industrial products company’s stock valued at $10,662,000 after acquiring an additional 496,754 shares during the period. Finally, Invenomic Capital Management LP purchased a new position in Kornit Digital in the 3rd quarter worth $6,356,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

Kornit Digital Stock Performance

Shares of NASDAQ KRNT opened at $14.94 on Wednesday. The company has a market capitalization of $669.16 million, a PE ratio of -48.19 and a beta of 1.79. The company’s fifty day moving average price is $14.62 and its 200 day moving average price is $14.18. Kornit Digital Ltd. has a 1 year low of $11.93 and a 1 year high of $23.48.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $58.86 million for the quarter, compared to analysts’ expectations of $58.16 million. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. On average, equities analysts expect that Kornit Digital Ltd. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kornit Digital in a research note on Friday, December 26th. Wall Street Zen upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Kornit Digital in a report on Wednesday, February 11th. Finally, Morgan Stanley reissued a “positive” rating and set a $17.00 target price on shares of Kornit Digital in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kornit Digital has a consensus rating of “Hold” and an average price target of $20.25.

About Kornit Digital

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.