New York State Common Retirement Fund Boosts Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

New York State Common Retirement Fund raised its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,173 shares of the industrial products company's stock after buying an additional 15,803 shares during the period. New York State Common Retirement Fund owned about 0.40% of Kornit Digital worth $3,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KRNT. Bank of New York Mellon Corp lifted its holdings in shares of Kornit Digital by 9.2% in the 1st quarter. Bank of New York Mellon Corp now owns 13,539 shares of the industrial products company's stock worth $258,000 after acquiring an additional 1,141 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Kornit Digital by 69.4% during the first quarter. Teacher Retirement System of Texas now owns 21,584 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 8,845 shares during the period. Acuitas Investments LLC acquired a new stake in Kornit Digital in the first quarter worth about $695,000. Artemis Investment Management LLP boosted its position in Kornit Digital by 5.0% during the 1st quarter. Artemis Investment Management LLP now owns 673,832 shares of the industrial products company's stock worth $12,857,000 after acquiring an additional 31,924 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised 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 valued at $1,010,000 after acquiring an additional 1,646 shares during the period. Institutional investors own 92.76% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Kornit Digital in a research note on Thursday, June 5th. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a 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 stock. Based on data from MarketBeat.com, Kornit Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Kornit Digital Trading Up 1.0%

Kornit Digital stock traded up $0.22 during trading on Friday, reaching $21.89. The company had a trading volume of 236,898 shares, compared to its average volume of 189,977. The firm's 50-day simple moving average is $20.95 and its 200 day simple moving average is $22.38. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -121.60 and a beta of 1.88. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.28.

About Kornit Digital

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.