abrdn plc decreased its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT – Get Rating) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,381 shares of the industrial products company’s stock after selling 14,266 shares during the period. abrdn plc owned approximately 0.28% of Kornit Digital worth $3,248,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of KRNT. William Blair Investment Management LLC grew its holdings in shares of Kornit Digital by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 654,267 shares of the industrial products company’s stock worth $15,029,000 after purchasing an additional 52,864 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Kornit Digital by 16.8% in the fourth quarter. HighTower Advisors LLC now owns 22,627 shares of the industrial products company’s stock worth $508,000 after purchasing an additional 3,261 shares during the last quarter. Raymond James & Associates bought a new position in shares of Kornit Digital in the fourth quarter worth about $220,000. Swiss National Bank grew its holdings in shares of Kornit Digital by 2.3% in the fourth quarter. Swiss National Bank now owns 120,800 shares of the industrial products company’s stock worth $2,775,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in shares of Kornit Digital by 30.0% in the fourth quarter. Eagle Global Advisors LLC now owns 13,000 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 93.05% of the company’s stock.
Kornit Digital Stock Up 0.9 %
Shares of Kornit Digital stock opened at $23.37 on Wednesday. The company has a 50 day moving average price of $19.15 and a 200 day moving average price of $22.13. Kornit Digital Ltd. has a 52 week low of $16.19 and a 52 week high of $44.37.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Barclays cut shares of Kornit Digital from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $34.00 to $28.00 in a report on Wednesday, February 15th. Needham & Company LLC dropped their target price on shares of Kornit Digital from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Citigroup dropped their target price on shares of Kornit Digital from $42.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Finally, StockNews.com upgraded shares of Kornit Digital to a “sell” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.50.
Kornit Digital Company Profile
Kornit Digital Ltd. is engaged in the development, designing, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel, and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches.
Read More
- Get a free copy of the StockNews.com research report on Kornit Digital (KRNT)
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