Silverberg Bernstein Capital Management LLC raised its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,120 shares of the industrial products company's stock after purchasing an additional 22,864 shares during the quarter. Kornit Digital accounts for about 3.0% of Silverberg Bernstein Capital Management LLC's holdings, making the stock its 11th biggest holding. Silverberg Bernstein Capital Management LLC owned about 0.36% of Kornit Digital worth $3,246,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of KRNT. Fifth Third Bancorp increased its stake in shares of Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock valued at $64,000 after buying an additional 393 shares during the period. Russell Investments Group Ltd. increased its stake 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 valued at $64,000 after buying an additional 1,800 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock valued at $117,000 after buying an additional 988 shares during the period. Deutsche Bank AG increased its stake in shares of Kornit Digital by 31.5% in the fourth quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock valued at $148,000 after buying an additional 1,143 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Kornit Digital in the fourth quarter valued at about $159,000. 92.76% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
KRNT has been the subject of several recent research reports. Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 target price on shares of Kornit Digital in a research note on Thursday. Finally, Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Two investment 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. According to data from MarketBeat, Kornit Digital has an average rating of "Moderate Buy" and a consensus target price of $33.20.
View Our Latest Analysis on Kornit Digital
Kornit Digital Trading Up 0.9%
NASDAQ KRNT traded up $0.21 during trading hours on Friday, hitting $22.54. 200,104 shares of the company's stock were exchanged, compared to its average volume of 300,325. The stock has a 50-day simple moving average of $19.80 and a 200 day simple moving average of $25.17. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -64.40 and a beta of 2.00.
About Kornit Digital
(
Free Report)
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.
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