Dudley & Shanley Inc. Purchases 49,125 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Dudley & Shanley Inc. boosted its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,150 shares of the industrial products company's stock after acquiring an additional 49,125 shares during the quarter. Kornit Digital comprises about 1.0% of Dudley & Shanley Inc.'s investment portfolio, making the stock its 24th biggest holding. Dudley & Shanley Inc. owned 0.68% of Kornit Digital worth $6,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KRNT. Fifth Third Bancorp grew its position in Kornit Digital by 23.4% during the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock worth $64,000 after purchasing an additional 393 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Kornit Digital by 654.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 1,800 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock valued at $117,000 after purchasing an additional 988 shares during the period. Deutsche Bank AG raised its holdings in Kornit Digital by 31.5% in the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock worth $148,000 after acquiring an additional 1,143 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Kornit Digital during the fourth quarter valued at about $159,000. 92.76% of the stock is owned by institutional investors and hedge funds.

Kornit Digital Stock Performance

NASDAQ KRNT traded down $0.12 during trading on Thursday, hitting $22.84. The stock had a trading volume of 159,703 shares, compared to its average volume of 299,301. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $34.29. The company's 50-day moving average price is $19.67 and its two-hundred day moving average price is $25.29. The company has a market capitalization of $1.09 billion, a PE ratio of -65.26 and a beta of 2.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KRNT shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price on shares of Kornit Digital in a report on Thursday. Finally, Cantor Fitzgerald raised shares of Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.20.

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.