Fox Run Management L.L.C. Acquires New Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Fox Run Management L.L.C. bought a new position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,622 shares of the industrial products company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently added to or reduced their stakes in KRNT. Fifth Third Bancorp grew its stake in shares of Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 393 shares during the last quarter. US Bancorp DE grew its position in shares of Kornit Digital by 7.4% in the 4th quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock valued at $257,000 after buying an additional 572 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Kornit Digital by 3.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock valued at $468,000 after buying an additional 625 shares during the period. American Century Companies Inc. raised its position in shares of Kornit Digital by 8.5% during the fourth quarter. American Century Companies Inc. now owns 11,120 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 874 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 988 shares during the period. 92.76% of the stock is owned by institutional investors.

Kornit Digital Stock Down 3.6 %

NASDAQ:KRNT opened at $20.09 on Friday. The firm has a market capitalization of $955.32 million, a P/E ratio of -57.40 and a beta of 2.12. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month high of $34.29. The company has a fifty day moving average of $25.72 and a 200-day moving average of $27.26.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. On average, analysts anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on KRNT shares. Needham & Company LLC raised their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Cantor Fitzgerald raised shares of Kornit Digital to a “strong-buy” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Kornit Digital Profile

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.