Janus Henderson Group PLC Sells 13,407 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Janus Henderson Group PLC cut its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 740,069 shares of the industrial products company's stock after selling 13,407 shares during the period. Janus Henderson Group PLC owned about 1.56% of Kornit Digital worth $22,905,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its position in Kornit Digital by 130.1% during the 3rd quarter. Barclays PLC now owns 20,420 shares of the industrial products company's stock worth $527,000 after acquiring an additional 11,544 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kornit Digital by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 23,779 shares of the industrial products company's stock valued at $614,000 after purchasing an additional 1,284 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Kornit Digital by 421.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 470,674 shares of the industrial products company's stock worth $14,567,000 after purchasing an additional 380,392 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of Kornit Digital by 138.2% during the fourth quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company's stock worth $19,867,000 after purchasing an additional 372,443 shares during the last quarter. Finally, Riverbridge Partners LLC increased its stake in shares of Kornit Digital by 21.1% in the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock valued at $59,643,000 after buying an additional 335,713 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Trading Up 0.3%

KRNT stock traded up $0.06 during trading on Wednesday, hitting $22.99. The company had a trading volume of 35,505 shares, compared to its average volume of 298,290. The stock has a market cap of $1.09 billion, a PE ratio of -65.65 and a beta of 2.00. The business has a 50-day moving average of $19.45 and a 200-day moving average of $25.82. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29.

Analysts Set New Price Targets

KRNT has been the topic of several recent research reports. Needham & Company LLC lifted their target price on shares of Kornit Digital from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Cantor Fitzgerald raised shares of Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.20.

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.