Thompson Investment Management Inc. Has $9.48 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Thompson Investment Management Inc. increased its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,287 shares of the industrial products company’s stock after purchasing an additional 62,607 shares during the period. Kornit Digital makes up 1.4% of Thompson Investment Management Inc.’s portfolio, making the stock its 17th biggest position. Thompson Investment Management Inc. owned about 1.10% of Kornit Digital worth $9,482,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Kornit Digital by 402.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,796 shares of the industrial products company’s stock worth $111,000 after buying an additional 4,642 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Kornit Digital during the fourth quarter worth approximately $140,000. Van ECK Associates Corp increased its holdings in shares of Kornit Digital by 12.4% during the fourth quarter. Van ECK Associates Corp now owns 13,099 shares of the industrial products company’s stock worth $251,000 after buying an additional 1,441 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of Kornit Digital during the fourth quarter worth approximately $271,000. Finally, Legacy Advisors LLC increased its holdings in shares of Kornit Digital by 5.3% during the third quarter. Legacy Advisors LLC now owns 23,380 shares of the industrial products company’s stock worth $442,000 after buying an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Wall Street Analysts Forecast Growth

KRNT has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Kornit Digital in a report on Thursday, May 9th. StockNews.com raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Friday, June 21st.

Kornit Digital Stock Performance

Shares of Kornit Digital stock traded down $0.01 during midday trading on Wednesday, reaching $14.06. The company had a trading volume of 90,611 shares, compared to its average volume of 405,200. Kornit Digital Ltd. has a 1-year low of $13.29 and a 1-year high of $31.94. The stock has a fifty day simple moving average of $15.13 and a 200 day simple moving average of $16.79.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Kornit Digital had a negative net margin of 27.17% and a negative return on equity of 4.31%. The business had revenue of $43.78 million during the quarter, compared to the consensus estimate of $45.85 million. Sell-side analysts predict that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

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.