Silverberg Bernstein Capital Management LLC Boosts Stock Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Silverberg Bernstein Capital Management LLC boosted its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,120 shares of the industrial products company's stock after acquiring 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 0.36% of Kornit Digital worth $3,246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KRNT. Fifth Third Bancorp increased its stake in 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 purchasing an additional 393 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Kornit Digital by 654.5% in the 4th 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 last quarter. Parkside Financial Bank & Trust raised its stake in Kornit Digital by 35.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock worth $117,000 after acquiring an additional 988 shares in the last quarter. Deutsche Bank AG raised its stake in Kornit Digital by 31.5% during the 4th quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock worth $148,000 after acquiring an additional 1,143 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Kornit Digital in the fourth quarter valued at $159,000. Institutional investors and hedge funds own 92.76% of the company's stock.

Kornit Digital Stock Performance

KRNT traded up $0.04 during trading on Wednesday, reaching $22.96. The company's stock had a trading volume of 227,677 shares, compared to its average volume of 299,339. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.29. The company's fifty day moving average price is $19.67 and its 200-day moving average price is $25.29. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -65.60 and a beta of 2.00.

Analysts Set New Price Targets

A number of analysts have recently commented on KRNT shares. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a research report on Thursday, May 15th. Needham & Company LLC lifted their price target on Kornit Digital from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Cantor Fitzgerald raised Kornit Digital to a "strong-buy" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.20.

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.