Disciplined Growth Investors Inc. MN Sells 23,251 Shares of Kornit Digital Ltd (KRNT)

Disciplined Growth Investors Inc. MN trimmed its holdings in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,620 shares of the industrial products company’s stock after selling 23,251 shares during the quarter. Disciplined Growth Investors Inc. MN owned approximately 0.52% of Kornit Digital worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRNT. American Capital Management Inc. bought a new stake in Kornit Digital during the third quarter valued at approximately $16,717,000. Granahan Investment Management Inc. MA lifted its holdings in Kornit Digital by 61.0% during the third quarter. Granahan Investment Management Inc. MA now owns 1,969,554 shares of the industrial products company’s stock valued at $30,134,000 after purchasing an additional 746,240 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Kornit Digital during the third quarter valued at approximately $8,850,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Kornit Digital by 609.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,120 shares of the industrial products company’s stock valued at $11,690,000 after purchasing an additional 518,927 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Kornit Digital by 64.2% during the second quarter. Stephens Investment Management Group LLC now owns 1,269,012 shares of the industrial products company’s stock valued at $24,555,000 after purchasing an additional 496,117 shares in the last quarter. Institutional investors own 78.84% of the company’s stock.

Kornit Digital Ltd (KRNT) opened at $15.75 on Tuesday. Kornit Digital Ltd has a 1-year low of $12.05 and a 1-year high of $23.15. The firm has a market cap of $538.07, a P/E ratio of 79.75, a price-to-earnings-growth ratio of 4.60 and a beta of 0.18.

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Kornit Digital from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, September 27th. Needham & Company LLC lowered their price target on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price target (down previously from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Stifel Nicolaus lowered their price target on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Finally, Citigroup downgraded shares of Kornit Digital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $21.50 to $14.00 in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.67.

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Kornit Digital Profile

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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

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