Altshuler Shaham Ltd Purchases New Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Altshuler Shaham Ltd acquired a new position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 66,515 shares of the industrial products company’s stock, valued at approximately $1,274,000. Altshuler Shaham Ltd owned approximately 0.13% of Kornit Digital at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its stake in Kornit Digital by 9,252.9% during the third quarter. Allworth Financial LP now owns 1,590 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,573 shares during the period. Headlands Technologies LLC acquired a new stake in Kornit Digital in the 3rd quarter valued at about $58,000. Anchor Investment Management LLC acquired a new position in shares of Kornit Digital during the fourth quarter worth about $140,000. Van ECK Associates Corp increased its stake in shares of Kornit Digital by 6.8% during the third quarter. Van ECK Associates Corp now owns 11,658 shares of the industrial products company’s stock worth $220,000 after buying an additional 742 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kornit Digital by 22.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,758 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Sunday. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Kornit Digital in a report on Thursday.

Kornit Digital Stock Up 2.6 %

KRNT stock traded up $0.39 during trading on Thursday, hitting $15.57. The company had a trading volume of 308,446 shares, compared to its average volume of 466,287. The firm has a 50-day moving average price of $16.89 and a 200-day moving average price of $17.32. Kornit Digital Ltd. has a 1-year low of $13.29 and a 1-year high of $31.94. The firm has a market cap of $743.23 million, a PE ratio of -11.80 and a beta of 1.88.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Wednesday, February 14th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. The company had revenue of $56.59 million during the quarter, compared to analysts’ expectations of $57.35 million. Sell-side analysts anticipate that Kornit Digital Ltd. will post -0.28 earnings per share for the current year.

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.