Moody National Bank Trust Division Grows Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Moody National Bank Trust Division boosted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 39.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,883 shares of the industrial products company's stock after buying an additional 33,878 shares during the quarter. Moody National Bank Trust Division owned approximately 0.25% of Kornit Digital worth $2,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Kornit Digital by 23.4% during the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 393 shares during the last quarter. Trust Point Inc. increased its holdings in shares of Kornit Digital by 10.2% during the 4th quarter. Trust Point Inc. now owns 19,694 shares of the industrial products company's stock valued at $610,000 after purchasing an additional 1,826 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of 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 purchasing an additional 57,068 shares in the last quarter. Legato Capital Management LLC increased its stake in shares of Kornit Digital by 307.7% in the 4th quarter. Legato Capital Management LLC now owns 156,358 shares of the industrial products company's stock valued at $4,839,000 after purchasing an additional 118,010 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Kornit Digital by 64.7% in the 4th quarter. Principal Financial Group Inc. now owns 59,584 shares of the industrial products company's stock worth $1,844,000 after buying an additional 23,416 shares during the last quarter. Institutional investors own 92.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KRNT shares. Cantor Fitzgerald upgraded Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their target price on Kornit Digital from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Kornit Digital Trading Up 1.4%

Shares of KRNT stock traded up $0.31 during trading hours on Tuesday, hitting $22.61. The company's stock had a trading volume of 57,831 shares, compared to its average volume of 298,586. The business has a fifty day moving average of $19.54 and a 200-day moving average of $25.32. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -64.60 and a beta of 2.00. Kornit Digital Ltd. has a twelve month low of $13.59 and a twelve month 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.