United Services Automobile Association decreased its holdings in Kornit Digital Ltd (NASDAQ:KRNT) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 565,376 shares of the industrial products company’s stock after selling 97,710 shares during the quarter. United Services Automobile Association’s holdings in Kornit Digital were worth $10,584,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Kornit Digital by 71.1% during the third quarter. Legal & General Group Plc now owns 1,345 shares of the industrial products company’s stock valued at $29,000 after buying an additional 559 shares in the last quarter. Vigilant Capital Management LLC bought a new position in Kornit Digital during the fourth quarter valued at about $150,000. Van ECK Associates Corp boosted its stake in Kornit Digital by 23.0% during the fourth quarter. Van ECK Associates Corp now owns 11,152 shares of the industrial products company’s stock valued at $209,000 after buying an additional 2,083 shares in the last quarter. Jefferies Group LLC bought a new position in Kornit Digital during the third quarter valued at about $210,000. Finally, Virtu Financial LLC bought a new position in Kornit Digital during the third quarter valued at about $227,000. 95.34% of the stock is owned by institutional investors.

Shares of NASDAQ:KRNT traded up $0.44 during midday trading on Friday, reaching $23.18. The company had a trading volume of 230 shares, compared to its average volume of 288,640. Kornit Digital Ltd has a 1-year low of $12.45 and a 1-year high of $23.90. The firm has a market capitalization of $795.95 million, a price-to-earnings ratio of 96.67 and a beta of 0.98.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings results on Tuesday, February 12th. The industrial products company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.06). Kornit Digital had a net margin of 8.73% and a return on equity of 5.09%. The company had revenue of $37.80 million during the quarter, compared to analyst estimates of $38.11 million. During the same quarter last year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts anticipate that Kornit Digital Ltd will post 0.46 EPS for the current year.

Several brokerages recently weighed in on KRNT. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Craig Hallum set a $25.00 target price on Kornit Digital and gave the company a “buy” rating in a research note on Thursday, February 14th. BidaskClub raised Kornit Digital from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, ValuEngine cut Kornit Digital from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.86.

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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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