UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.58 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,695 shares of the industrial products company's stock after acquiring an additional 11,496 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Kornit Digital worth $3,581,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lisanti Capital Growth LLC raised its stake 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 purchasing an additional 116,170 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in Kornit Digital by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company's stock valued at $41,545,000 after buying an additional 57,068 shares during the period. Trexquant Investment LP raised its stake in shares of Kornit Digital by 27.3% in the 4th quarter. Trexquant Investment LP now owns 188,307 shares of the industrial products company's stock valued at $5,828,000 after buying an additional 40,422 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Kornit Digital during the 4th quarter worth about $5,712,000. Finally, Northern Trust Corp lifted its holdings in shares of Kornit Digital by 78.6% during the 4th quarter. Northern Trust Corp now owns 204,005 shares of the industrial products company's stock worth $6,314,000 after acquiring an additional 89,790 shares during the period. Institutional investors and hedge funds own 92.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KRNT shares. Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price on shares of Kornit Digital in a research note on Thursday. Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a report on Thursday, May 15th. Two 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Kornit Digital Price Performance

Shares of KRNT traded up $0.21 during trading hours on Friday, hitting $22.54. The stock had a trading volume of 200,104 shares, compared to its average volume of 300,917. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -64.40 and a beta of 1.93. The company's fifty day moving average is $19.80 and its two-hundred day moving average is $25.09. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.29.

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.