Artemis Investment Management LLP Boosts Position in Kornit Digital Ltd. (NASDAQ:KRNT)

Artemis Investment Management LLP increased its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 5.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 673,832 shares of the industrial products company’s stock after acquiring an additional 31,924 shares during the quarter. Artemis Investment Management LLP’s holdings in Kornit Digital were worth $12,857,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KRNT. Russell Investments Group Ltd. boosted its holdings in shares of Kornit Digital by 654.5% in the fourth quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 1,800 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 988 shares during the period. Deutsche Bank AG boosted its holdings in shares of Kornit Digital by 31.5% in the fourth quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 1,143 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Kornit Digital in the fourth quarter valued at approximately $159,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Kornit Digital in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Price Performance

Shares of NASDAQ KRNT opened at $19.86 on Friday. The stock has a fifty day moving average price of $20.45 and a 200 day moving average price of $23.98. Kornit Digital Ltd. has a 1-year low of $13.59 and a 1-year high of $34.29. The company has a market cap of $944.34 million, a PE ratio of -110.33 and a beta of 1.93.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRNT. Morgan Stanley reissued an “overweight” rating on shares of Kornit Digital in a report on Thursday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Kornit Digital in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Kornit Digital Company 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.