LHM Inc. bought a new stake in Kornit Digital Ltd. (NASDAQ:KRNT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 375,691 shares of the industrial products company’s stock, valued at approximately $5,500,000. Kornit Digital comprises 2.3% of LHM Inc.’s portfolio, making the stock its 7th largest position. LHM Inc. owned about 0.79% of Kornit Digital at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC increased its stake in shares of Kornit Digital by 97.9% in the first quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company’s stock valued at $38,000 after buying an additional 1,027 shares during the period. nVerses Capital LLC acquired a new stake in Kornit Digital during the 2nd quarter worth approximately $40,000. Signaturefd LLC boosted its position in Kornit Digital by 29.4% during the 2nd quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock worth $50,000 after buying an additional 779 shares during the period. Privium Fund Management B.V. acquired a new stake in Kornit Digital during the 2nd quarter worth approximately $159,000. Finally, Bank of New York Mellon Corp boosted its position in Kornit Digital by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock worth $235,000 after buying an additional 1,184 shares during the period. Institutional investors and hedge funds own 92.76% of the company’s stock.
Kornit Digital Stock Performance
Shares of NASDAQ KRNT opened at $25.84 on Tuesday. Kornit Digital Ltd. has a 52-week low of $13.29 and a 52-week high of $26.57. The company’s 50 day moving average price is $19.16 and its 200-day moving average price is $16.89. The company has a market capitalization of $1.23 billion, a P/E ratio of -21.18 and a beta of 1.90.
Analyst Upgrades and Downgrades
KRNT has been the topic of several recent research reports. StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley lifted their target price on shares of Kornit Digital from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Craig Hallum lifted their target price on shares of Kornit Digital from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price on shares of Kornit Digital in a research report on Thursday, September 12th.
Get Our Latest Research Report on KRNT
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.
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