Oppenheimer Asset Management Inc. Boosts Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Oppenheimer Asset Management Inc. increased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,953 shares of the industrial products company’s stock after purchasing an additional 1,646 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of Kornit Digital worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KRNT. Principal Financial Group Inc. lifted its holdings in shares of 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 buying an additional 23,416 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Kornit Digital by 6.0% in the 4th quarter. Handelsbanken Fonder AB now owns 17,657 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 1,000 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 988 shares in the last quarter. US Bancorp DE lifted its stake in Kornit Digital by 7.4% in the 4th quarter. US Bancorp DE now owns 8,294 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 572 shares in the last quarter. Finally, LHM Inc. lifted its position in shares of Kornit Digital by 12.3% in the fourth quarter. LHM Inc. now owns 453,964 shares of the industrial products company’s stock worth $14,050,000 after buying an additional 49,755 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Stock Performance

Kornit Digital stock opened at $19.86 on Friday. The business’s 50-day simple moving average is $20.45 and its two-hundred day simple moving average is $23.92. The company has a market cap of $944.34 million, a PE ratio of -110.33 and a beta of 1.93. Kornit Digital Ltd. has a fifty-two week low of $13.59 and a fifty-two week high of $34.29.

Analysts Set New Price Targets

Several research firms have commented on KRNT. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Kornit Digital in a research report on Thursday, June 5th. Morgan Stanley restated an “overweight” rating on shares of Kornit Digital in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kornit Digital presently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

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.