Kornit Digital Ltd. $KRNT Stock Holdings Reduced by Dudley & Shanley Inc.

Dudley & Shanley Inc. trimmed its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT – Free Report) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,168,545 shares of the industrial products company’s stock after selling 86,720 shares during the quarter. Kornit Digital comprises 3.1% of Dudley & Shanley Inc.’s holdings, making the stock its 16th biggest holding. Dudley & Shanley Inc.’s holdings in Kornit Digital were worth $19,421,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KRNT. Tidal Investments LLC raised its position in shares of Kornit Digital by 78.3% in the second quarter. Tidal Investments LLC now owns 68,838 shares of the industrial products company’s stock valued at $1,119,000 after purchasing an additional 30,233 shares during the period. Engineers Gate Manager LP purchased a new position in Kornit Digital in the 2nd quarter valued at approximately $300,000. Lone Peak Global Investors LLC raised its holdings in Kornit Digital by 2.6% during the 2nd quarter. Lone Peak Global Investors LLC now owns 36,069 shares of the industrial products company’s stock valued at $586,000 after acquiring an additional 908 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Kornit Digital during the 2nd quarter valued at $224,000. Finally, American Capital Management Inc. purchased a new stake in shares of Kornit Digital during the second quarter worth $4,598,000. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Stock Up 0.8%

Shares of KRNT stock traded up $0.14 during trading on Tuesday, hitting $18.37. The company had a trading volume of 119,753 shares, compared to its average volume of 308,320. The stock’s 50-day moving average is $16.35 and its two-hundred day moving average is $15.85. The stock has a market capitalization of $789.30 million, a price-to-earnings ratio of -38.33 and a beta of 1.85. Kornit Digital Ltd. has a 52 week low of $11.93 and a 52 week high of $19.78.

Kornit Digital (NASDAQ:KRNT – Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Kornit Digital had a negative net margin of 9.42% and a negative return on equity of 1.00%. The business had revenue of $55.32 million during the quarter, compared to analyst estimates of $52.80 million. During the same period in the previous year, the business posted $0.03 earnings per share. Kornit Digital’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts predict that Kornit Digital Ltd. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on KRNT. Morgan Stanley raised their price target on Kornit Digital from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Zacks Research upgraded Kornit Digital from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Weiss Ratings upgraded Kornit Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Finally, Needham & Company LLC boosted their price objective on shares of Kornit Digital from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kornit Digital currently has an average rating of “Hold” and an average price target of $21.50.

Get Our Latest Stock Report on KRNT

Kornit Digital Company Profile

(Free Report)

Kornit Digital Ltd. (NASDAQ: KRNT) develops and manufactures digital printing systems, inks, software and related solutions for the textile, apparel and other printed-product markets. Its technologies are designed to enable on-demand, short-run and customized production, helping manufacturers and brands reduce reliance on traditional screen-printing and other analog processes.

The company’s product portfolio includes direct-to-garment, direct-to-fabric and digital decoration systems, as well as proprietary inks, workflow software and technical services.

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

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