Northern Trust Corp Has $6.31 Million Stake in Kornit Digital Ltd. (NASDAQ:KRNT)

Northern Trust Corp increased its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 78.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 204,005 shares of the industrial products company's stock after buying an additional 89,790 shares during the period. Northern Trust Corp owned 0.43% of Kornit Digital worth $6,314,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Loomis Sayles & Co. L P lifted its position in 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 acquiring an additional 893,463 shares during the last quarter. Hood River Capital Management LLC increased its stake 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. Riverbridge Partners LLC lifted its holdings in Kornit Digital by 21.1% during the 4th quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock worth $59,643,000 after purchasing an additional 335,713 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in Kornit Digital during the 4th quarter worth approximately $6,190,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Kornit Digital in the 4th quarter valued at $5,712,000. Institutional investors and hedge funds own 92.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC increased their price objective on Kornit Digital from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley restated an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. Finally, Cantor Fitzgerald raised shares of Kornit Digital to a "strong-buy" rating in a research report on Thursday, February 27th. Two equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Kornit Digital Trading Down 2.7%

NASDAQ KRNT traded down $0.60 on Friday, hitting $21.94. 208,531 shares of the company's stock were exchanged, compared to its average volume of 299,620. The stock has a 50-day moving average of $19.47 and a 200-day moving average of $25.72. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -62.69 and a beta of 2.00. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.29.

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.