Teacher Retirement System of Texas Has $412,000 Stock Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Teacher Retirement System of Texas boosted its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 69.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,584 shares of the industrial products company’s stock after buying an additional 8,845 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kornit Digital were worth $412,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its position in shares of Kornit Digital by 3.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 52,953 shares of the industrial products company’s stock worth $1,010,000 after acquiring an additional 1,646 shares during the last quarter. Artemis Investment Management LLP boosted its position in shares of Kornit Digital by 5.0% during the first quarter. Artemis Investment Management LLP now owns 673,832 shares of the industrial products company’s stock worth $12,857,000 after buying an additional 31,924 shares during the period. Acuitas Investments LLC bought a new stake in Kornit Digital during the first quarter worth about $695,000. Trexquant Investment LP raised its holdings in Kornit Digital by 27.3% during the fourth quarter. Trexquant Investment LP now owns 188,307 shares of the industrial products company’s stock worth $5,828,000 after acquiring an additional 40,422 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Kornit Digital in the fourth quarter valued at approximately $5,712,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

Kornit Digital Stock Performance

Shares of NASDAQ:KRNT opened at $21.72 on Friday. The firm has a fifty day moving average of $20.86 and a 200 day moving average of $22.82. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.29. The firm has a market capitalization of $1.03 billion, a PE ratio of -120.66 and a beta of 1.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KRNT shares. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Kornit Digital in a research report on Thursday, June 5th. Morgan Stanley reiterated an “overweight” rating on shares of Kornit Digital in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.