Moody National Bank Trust Division Has $2.27 Million Stake in Kornit Digital Ltd. (NASDAQ:KRNT)

Moody National Bank Trust Division grew its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 39.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,883 shares of the industrial products company's stock after acquiring an additional 33,878 shares during the period. Moody National Bank Trust Division owned 0.25% of Kornit Digital worth $2,268,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stephens Investment Management Group LLC increased its holdings in shares of Kornit Digital by 4.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company's stock worth $41,545,000 after purchasing an additional 57,068 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Kornit Digital by 259.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company's stock worth $38,300,000 after purchasing an additional 893,463 shares during the period. Hood River Capital Management LLC increased its holdings in shares of Kornit Digital by 47.2% during the fourth quarter. Hood River Capital Management LLC now owns 1,099,725 shares of the industrial products company's stock worth $34,036,000 after purchasing an additional 352,648 shares during the period. Pathstone Holdings LLC increased its holdings in shares of Kornit Digital by 0.8% during the fourth quarter. Pathstone Holdings LLC now owns 859,668 shares of the industrial products company's stock worth $26,607,000 after purchasing an additional 6,503 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Kornit Digital by 29.7% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 758,761 shares of the industrial products company's stock worth $23,484,000 after purchasing an additional 173,558 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. Finally, Needham & Company LLC lifted their price objective on shares of Kornit Digital from $28.00 to $30.00 and gave the company a "buy" rating 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

Kornit Digital Stock Down 3.1%

Shares of NASDAQ KRNT traded down $0.69 during midday trading on Friday, reaching $21.65. 332,303 shares of the company were exchanged, compared to its average volume of 299,651. The stock's 50-day moving average price is $19.51 and its 200-day moving average price is $25.43. The stock has a market cap of $1.03 billion, a P/E ratio of -61.86 and a beta of 2.00. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29.

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.