Public Employees Retirement System of Ohio Invests $399,000 in Kornit Digital Ltd. (NASDAQ:KRNT)

Public Employees Retirement System of Ohio acquired a new stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,900 shares of the industrial products company's stock, valued at approximately $399,000.

Several other large investors have also modified their holdings of KRNT. Russell Investments Group Ltd. boosted its holdings in shares of Kornit Digital by 654.5% in the fourth quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock worth $64,000 after buying an additional 1,800 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Kornit Digital by 35.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock valued at $117,000 after acquiring an additional 988 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Kornit Digital by 31.5% in the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock valued at $148,000 after acquiring an additional 1,143 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Kornit Digital in the 4th quarter worth approximately $159,000. Finally, Pictet Asset Management Holding SA purchased a new position in Kornit Digital during the 4th quarter worth approximately $203,000. 92.76% of the stock is owned by institutional investors.

Kornit Digital Trading Up 0.9%

KRNT stock traded up $0.21 during midday trading on Friday, reaching $22.54. The company had a trading volume of 200,104 shares, compared to its average volume of 300,917. The company has a 50 day moving average of $19.80 and a two-hundred day moving average of $25.09. The company has a market capitalization of $1.07 billion, a P/E ratio of -64.40 and a beta of 1.93. Kornit Digital Ltd. has a 1 year low of $13.59 and a 1 year high of $34.29.

Analyst Ratings Changes

KRNT has been the topic of several recent analyst reports. Cantor Fitzgerald upgraded Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of Kornit Digital in a research report on Thursday. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

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.