Public Employees Retirement System of Ohio Buys New Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Public Employees Retirement System of Ohio bought a new position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,900 shares of the industrial products company's stock, valued at approximately $399,000.

A number of other institutional investors have also recently bought and sold shares of KRNT. Loomis Sayles & Co. L P boosted its position 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 buying an additional 893,463 shares during the period. AQR Capital Management LLC acquired a new stake in Kornit Digital in the 4th quarter valued at approximately $14,769,000. Hood River Capital Management LLC lifted its stake in Kornit Digital by 47.2% in the 4th quarter. Hood River Capital Management LLC now owns 1,099,725 shares of the industrial products company's stock valued at $34,036,000 after acquiring an additional 352,648 shares in the last quarter. Icon Advisers Inc. Co. bought a new stake in Kornit Digital in the 4th quarter valued at approximately $6,190,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Kornit Digital during the 4th quarter worth approximately $5,712,000. Institutional investors own 92.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KRNT. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price objective on shares of Kornit Digital in a report on Thursday. Morgan Stanley reaffirmed an "overweight" rating on shares of Kornit Digital in a research report 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 given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kornit Digital currently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Kornit Digital Stock Up 0.9%

Shares of NASDAQ:KRNT traded up $0.21 during midday trading on Friday, hitting $22.54. The stock had a trading volume of 200,104 shares, compared to its average volume of 300,163. The company has a market cap of $1.07 billion, a P/E ratio of -64.40 and a beta of 2.00. Kornit Digital Ltd. has a 12 month low of $13.59 and a 12 month high of $34.29. The business's 50-day simple moving average is $19.73 and its 200-day simple moving average is $25.23.

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.