New York State Common Retirement Fund Has $3.31 Million Stake in Kornit Digital Ltd. (NASDAQ:KRNT)

New York State Common Retirement Fund lessened its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,492 shares of the industrial products company's stock after selling 78,841 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of Kornit Digital worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC boosted its stake in Kornit Digital by 971.9% during the third quarter. William Blair Investment Management LLC now owns 876,238 shares of the industrial products company's stock valued at $16,570,000 after buying an additional 794,492 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Kornit Digital by 103.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,682 shares of the industrial products company's stock worth $18,273,000 after purchasing an additional 485,000 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Kornit Digital during the third quarter valued at $9,035,000. Yelin Lapidot Holdings Management Ltd. bought a new position in Kornit Digital during the third quarter valued at $7,443,000. Finally, Schroder Investment Management Group grew its stake in shares of Kornit Digital by 106.3% in the 3rd quarter. Schroder Investment Management Group now owns 735,688 shares of the industrial products company's stock worth $13,912,000 after buying an additional 379,140 shares in the last quarter. Institutional investors own 92.76% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Kornit Digital from a "hold" rating to a "sell" rating in a report on Sunday.

Kornit Digital Stock Performance

KRNT stock traded up $0.38 during mid-day trading on Monday, reaching $16.38. 211,723 shares of the stock traded hands, compared to its average volume of 467,134. The business has a 50-day moving average price of $16.97 and a two-hundred day moving average price of $17.32. The stock has a market capitalization of $781.98 million, a PE ratio of -12.41 and a beta of 1.88. Kornit Digital Ltd. has a one year low of $13.29 and a one year high of $31.94.

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

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.