Artemis Investment Management LLP Purchases 31,924 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Artemis Investment Management LLP grew its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 673,832 shares of the industrial products company's stock after purchasing an additional 31,924 shares during the period. Artemis Investment Management LLP owned approximately 1.42% of Kornit Digital worth $12,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KRNT. Oppenheimer Asset Management Inc. boosted its stake in Kornit Digital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 52,953 shares of the industrial products company's stock worth $1,010,000 after purchasing an additional 1,646 shares during the period. Lisanti Capital Growth LLC boosted its position in shares of Kornit Digital by 119.0% in the fourth quarter. Lisanti Capital Growth LLC now owns 213,825 shares of the industrial products company's stock valued at $6,618,000 after acquiring an additional 116,170 shares during the period. Trexquant Investment LP grew its stake 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 valued at $5,828,000 after acquiring an additional 40,422 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Kornit Digital during the fourth quarter valued at approximately $5,712,000. Finally, Moody National Bank Trust Division increased its holdings in Kornit Digital by 39.9% during the 1st quarter. Moody National Bank Trust Division now owns 118,883 shares of the industrial products company's stock worth $2,268,000 after acquiring an additional 33,878 shares during the period. 92.76% of the stock is currently owned by hedge funds and other institutional investors.

Kornit Digital Trading Up 0.3%

Shares of KRNT stock traded up $0.05 during trading hours on Monday, reaching $19.91. The company's stock had a trading volume of 176,500 shares, compared to its average volume of 307,236. The stock has a market capitalization of $946.72 million, a P/E ratio of -110.60 and a beta of 1.93. The firm's fifty day simple moving average is $20.50 and its 200 day simple moving average is $23.78. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29.

Analyst Ratings Changes

A number of brokerages have weighed in on KRNT. Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of Kornit Digital in a research note on Thursday, June 5th. Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Kornit Digital presently has an average rating of "Moderate Buy" and an average price target 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.