Stephens Investment Management Group LLC Buys 11,091 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Stephens Investment Management Group LLC lifted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 0.8% in the first quarter, HoldingsChannel.com reports. The fund owned 1,353,412 shares of the industrial products company’s stock after acquiring an additional 11,091 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Kornit Digital were worth $25,823,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KRNT. Russell Investments Group Ltd. lifted its holdings in shares of Kornit Digital by 654.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 1,800 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Kornit Digital by 31.5% during the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 1,143 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Kornit Digital during the 4th quarter worth $159,000. Pictet Asset Management Holding SA bought a new stake in Kornit Digital in the fourth quarter worth $203,000. Finally, HighTower Advisors LLC bought a new stake in Kornit Digital in the fourth quarter worth $237,000. 92.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KRNT. Morgan Stanley reissued an “overweight” rating on shares of Kornit Digital in a research note on Thursday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Kornit Digital in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.20.

Kornit Digital Trading Down 0.2%

KRNT stock opened at $20.14 on Friday. The firm’s 50-day moving average price is $20.72 and its two-hundred day moving average price is $23.06. Kornit Digital Ltd. has a 12-month low of $13.59 and a 12-month high of $34.29. The stock has a market capitalization of $957.66 million, a price-to-earnings ratio of -111.88 and a beta of 1.88.

Kornit Digital Company 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.