Migdal Insurance & Financial Holdings Ltd. Has $18.27 Million Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 103.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953,682 shares of the industrial products company's stock after acquiring an additional 485,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.90% of Kornit Digital worth $18,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KRNT. Quarry LP lifted its holdings in shares of Kornit Digital by 357.9% during the 1st quarter. Quarry LP now owns 1,273 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 995 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Kornit Digital by 9,252.9% during the third quarter. Allworth Financial LP now owns 1,590 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 1,573 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Kornit Digital in the 3rd quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new position in Kornit Digital during the 3rd quarter valued at approximately $58,000. Finally, UBS Group AG raised its holdings in shares of Kornit Digital by 226.4% in the first quarter. UBS Group AG now owns 3,444 shares of the industrial products company's stock worth $67,000 after buying an additional 2,389 shares during the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Price Performance

KRNT traded down $0.30 during trading on Wednesday, reaching $15.55. 224,768 shares of the company's stock were exchanged, compared to its average volume of 514,878. Kornit Digital Ltd. has a 1 year low of $13.29 and a 1 year high of $31.94. The company's fifty day simple moving average is $17.74 and its 200-day simple moving average is $17.41. The stock has a market capitalization of $742.36 million, a P/E ratio of -11.78 and a beta of 1.89.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last issued its earnings results on Wednesday, February 14th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.08. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. The firm had revenue of $56.59 million during the quarter, compared to analysts' expectations of $57.35 million. Equities analysts forecast that Kornit Digital Ltd. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kornit Digital from a "sell" rating to a "hold" rating in a research report on Thursday, April 11th.

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. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.