Kornit Digital Ltd. (NASDAQ:KRNT) Shares Bought by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,113,832 shares of the industrial products company’s stock after purchasing an additional 53,257 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 4.45% of Kornit Digital worth $54,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Chicago Capital LLC increased its position in shares of Kornit Digital by 8.1% in the 3rd quarter. Chicago Capital LLC now owns 3,089,263 shares of the industrial products company’s stock valued at $79,811,000 after acquiring an additional 231,659 shares during the period. William Blair Investment Management LLC grew its stake in Kornit Digital by 6.0% during the 2nd quarter. William Blair Investment Management LLC now owns 987,863 shares of the industrial products company’s stock valued at $14,462,000 after purchasing an additional 56,157 shares during the last quarter. LHM Inc. purchased a new position in shares of Kornit Digital in the second quarter worth about $12,042,000. Polar Asset Management Partners Inc. raised its stake in shares of Kornit Digital by 35.7% in the third quarter. Polar Asset Management Partners Inc. now owns 621,043 shares of the industrial products company’s stock worth $16,045,000 after purchasing an additional 163,543 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Kornit Digital by 6.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 373,000 shares of the industrial products company’s stock worth $9,636,000 after purchasing an additional 24,000 shares during the period. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KRNT. Cantor Fitzgerald initiated coverage on shares of Kornit Digital in a report on Tuesday, November 26th. They issued an “overweight” rating and a $39.00 price target on the stock. Craig Hallum raised their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Kornit Digital from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Barclays increased their price target on Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Needham & Company LLC boosted their price objective on Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Kornit Digital Stock Performance

Shares of NASDAQ KRNT opened at $31.95 on Tuesday. Kornit Digital Ltd. has a 1 year low of $13.59 and a 1 year high of $33.31. The company’s fifty day moving average price is $27.73 and its 200 day moving average price is $20.98. The company has a market capitalization of $1.52 billion, a PE ratio of -36.31 and a beta of 2.01.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The business had revenue of $50.73 million for the quarter, compared to analyst estimates of $50.44 million. During the same period in the prior year, the company posted ($0.17) EPS. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, equities analysts expect that Kornit Digital Ltd. will post -0.22 EPS for the current year.

About Kornit Digital

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.