Kornit Digital Ltd. (NASDAQ:KRNT) Stock Holdings Lowered by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 33.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,587 shares of the industrial products company’s stock after selling 74,796 shares during the quarter. Kornit Digital accounts for 2.1% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 4th largest position. Taylor Frigon Capital Management LLC owned about 0.31% of Kornit Digital worth $4,128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its holdings in shares of Kornit Digital by 6.0% during the fourth quarter. Handelsbanken Fonder AB now owns 17,657 shares of the industrial products company’s stock valued at $546,000 after buying an additional 1,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Kornit Digital by 64.7% in the fourth quarter. Principal Financial Group Inc. now owns 59,584 shares of the industrial products company’s stock worth $1,844,000 after purchasing an additional 23,416 shares during the last quarter. Legato Capital Management LLC boosted its holdings in Kornit Digital by 307.7% in the fourth quarter. Legato Capital Management LLC now owns 156,358 shares of the industrial products company’s stock worth $4,839,000 after purchasing an additional 118,010 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Kornit Digital by 4.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company’s stock worth $41,545,000 after purchasing an additional 57,068 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Kornit Digital by 10.2% in the fourth quarter. Trust Point Inc. now owns 19,694 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 1,826 shares during the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Price Performance

Shares of Kornit Digital stock opened at $24.95 on Thursday. The company’s fifty day simple moving average is $29.59 and its 200-day simple moving average is $26.83. The stock has a market capitalization of $1.19 billion, a PE ratio of -71.29 and a beta of 2.02. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.28.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.07 EPS 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%. As a group, research analysts anticipate that Kornit Digital Ltd. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KRNT. Cantor Fitzgerald restated an “overweight” rating and issued a $39.00 target price on shares of Kornit Digital in a report on Thursday, February 13th. Needham & Company LLC raised their target price 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 raised their target price on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.