New York State Common Retirement Fund Has $5.37 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

New York State Common Retirement Fund decreased its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 173,370 shares of the industrial products company’s stock after selling 3,578 shares during the period. New York State Common Retirement Fund’s holdings in Kornit Digital were worth $5,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KRNT. Assenagon Asset Management S.A. increased its position in shares of Kornit Digital by 238.7% during the third quarter. Assenagon Asset Management S.A. now owns 90,282 shares of the industrial products company’s stock valued at $2,332,000 after purchasing an additional 63,629 shares during the period. Roubaix Capital LLC acquired a new stake in Kornit Digital during the third quarter worth $2,635,000. Harbor Capital Advisors Inc. increased its holdings in Kornit Digital by 74.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 140,071 shares of the industrial products company’s stock valued at $3,619,000 after buying an additional 59,605 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Kornit Digital in the 3rd quarter valued at $934,000. Finally, Privium Fund Management B.V. lifted its holdings in shares of Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 950 shares during the period. Institutional investors and hedge funds own 92.76% of the company’s stock.

Kornit Digital Stock Performance

Shares of KRNT opened at $24.83 on Friday. The business’s fifty day moving average price is $29.46 and its two-hundred day moving average price is $26.82. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -70.94 and a beta of 2.02. Kornit Digital Ltd. has a 52 week low of $13.59 and a 52 week high of $34.28.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. As a group, research analysts forecast that Kornit Digital Ltd. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on KRNT shares. Needham & Company LLC increased their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald restated an “overweight” rating and set a $39.00 target price on shares of Kornit Digital in a research report on Thursday, February 13th. Craig Hallum upped their price target on Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley lifted their price target on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

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.