Janus Henderson Group PLC Has $13.61 Million Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Janus Henderson Group PLC reduced its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750,944 shares of the industrial products company’s stock after selling 8,925 shares during the period. Janus Henderson Group PLC owned about 1.57% of Kornit Digital worth $13,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KRNT. Trust Point Inc. acquired a new position in Kornit Digital during the fourth quarter worth $271,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Kornit Digital by 103.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,682 shares of the industrial products company’s stock worth $18,273,000 after buying an additional 485,000 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Kornit Digital by 12.4% in the fourth quarter. Van ECK Associates Corp now owns 13,099 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 1,441 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Kornit Digital during the fourth quarter valued at approximately $982,000. Finally, Altshuler Shaham Ltd bought a new stake in Kornit Digital during the fourth quarter worth $1,274,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Price Performance

NASDAQ:KRNT opened at $15.65 on Thursday. Kornit Digital Ltd. has a 1 year low of $13.29 and a 1 year high of $31.70. The stock’s fifty day moving average price is $14.95 and its two-hundred day moving average price is $16.23. The company has a market cap of $744.16 million, a P/E ratio of -12.83 and a beta of 1.90.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $43.78 million during the quarter, compared to the consensus estimate of $45.85 million. On average, analysts expect that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KRNT shares. Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price on shares of Kornit Digital in a research note on Thursday, May 9th. StockNews.com lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.