Swiss National Bank Raises Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Swiss National Bank grew its position in shares of Kornit Digital Ltd. (NASDAQ:KRNTGet Rating) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 209,000 shares of the industrial products company’s stock after purchasing an additional 12,500 shares during the quarter. Swiss National Bank owned approximately 0.42% of Kornit Digital worth $6,625,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Compass Financial Advisors LLC grew its holdings in shares of Kornit Digital by 3.3% during the first quarter. Compass Financial Advisors LLC now owns 6,424 shares of the industrial products company’s stock worth $531,000 after buying an additional 206 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Kornit Digital by 5.1% during the first quarter. CIBC Asset Management Inc now owns 4,707 shares of the industrial products company’s stock worth $389,000 after buying an additional 228 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Kornit Digital by 0.4% during the first quarter. Summit Creek Advisors LLC now owns 65,861 shares of the industrial products company’s stock worth $5,446,000 after buying an additional 259 shares during the last quarter. American International Group Inc. grew its holdings in shares of Kornit Digital by 4.5% during the first quarter. American International Group Inc. now owns 6,791 shares of the industrial products company’s stock worth $562,000 after buying an additional 291 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Kornit Digital in the first quarter valued at about $25,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Kornit Digital Trading Down 0.1 %

KRNT stock opened at $25.38 on Thursday. The firm has a 50 day moving average of $26.51 and a 200-day moving average of $31.06. Kornit Digital Ltd. has a 12-month low of $20.40 and a 12-month high of $170.40. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -29.86 and a beta of 1.68.

Analyst Ratings Changes

A number of equities research analysts recently commented on KRNT shares. Needham & Company LLC reduced their price objective on shares of Kornit Digital from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Craig Hallum reduced their price objective on shares of Kornit Digital from $32.00 to $25.00 in a research report on Thursday, November 10th. Citigroup reduced their price objective on shares of Kornit Digital from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Finally, Barclays reduced their price objective on shares of Kornit Digital from $48.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.20.

About Kornit Digital

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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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.

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

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