Thompson Investment Management Inc. Purchases 62,607 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Thompson Investment Management Inc. grew its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,287 shares of the industrial products company’s stock after purchasing an additional 62,607 shares during the quarter. Kornit Digital makes up about 1.4% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding. Thompson Investment Management Inc.’s holdings in Kornit Digital were worth $9,482,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Kornit Digital by 402.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,796 shares of the industrial products company’s stock worth $111,000 after buying an additional 4,642 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Kornit Digital during the fourth quarter valued at $140,000. Van ECK Associates Corp raised its stake in Kornit Digital by 12.4% during the fourth quarter. Van ECK Associates Corp now owns 13,099 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 1,441 shares in the last quarter. Trust Point Inc. purchased a new stake in Kornit Digital during the fourth quarter valued at $271,000. Finally, Legacy Advisors LLC raised its stake in Kornit Digital by 5.3% during the third quarter. Legacy Advisors LLC now owns 23,380 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Trading Down 0.1 %

Shares of KRNT traded down $0.01 during midday trading on Wednesday, hitting $14.06. The stock had a trading volume of 90,611 shares, compared to its average volume of 405,200. Kornit Digital Ltd. has a 1 year low of $13.29 and a 1 year high of $31.94. The stock’s 50 day moving average is $15.13 and its 200 day moving average is $16.79.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Wednesday, May 8th. The industrial products company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The firm had revenue of $43.78 million during the quarter, compared to analysts’ expectations of $45.85 million. Kornit Digital had a negative net margin of 27.17% and a negative return on equity of 4.31%. As a group, analysts expect that Kornit Digital Ltd. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on KRNT. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Kornit Digital in a research note on Thursday, May 9th. StockNews.com raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Friday, June 21st.

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.