Kornit Digital Ltd. $KRNT Shares Bought by Dudley & Shanley Inc.

Dudley & Shanley Inc. increased its stake in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 97.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,258,895 shares of the industrial products company's stock after buying an additional 621,595 shares during the quarter. Kornit Digital comprises 2.7% of Dudley & Shanley Inc.'s portfolio, making the stock its 17th largest position. Dudley & Shanley Inc. owned about 2.81% of Kornit Digital worth $16,995,000 as of its most recent filing with the SEC.The Sell-Off In Kornit Digital May Set Up A 2nd Half OpportunitySeveral other hedge funds and other institutional investors have also recently bought and sold shares of KRNT. Raymond James Financial Inc. acquired a new stake in Kornit Digital in the second quarter valued at approximately $31,000. State of Tennessee Department of Treasury purchased a new position in shares of Kornit Digital in the second quarter valued at $35,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kornit Digital by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,800 shares of the industrial products company's stock valued at $2,248,000 after purchasing an additional 2,105 shares in the last quarter. Sei Investments Co. grew its holdings in Kornit Digital by 0.8% during the 2nd quarter. Sei Investments Co. now owns 271,305 shares of the industrial products company's stock valued at $5,402,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Kornit Digital by 8.9% during the 2nd quarter. Jane Street Group LLC now owns 35,927 shares of the industrial products company's stock worth $715,000 after buying an additional 2,948 shares during the period. 92.76% of the stock is owned by institutional investors and hedge funds. Get Kornit Digital alerts:Kornit Digital Trading Down 1.5%Shares of KRNT opened at $13.48 on Thursday. Kornit Digital Ltd. has a 52 week low of $11.93 and a 52 week high of $34.28. The firm has a market cap of $603.77 million, a price-to-earnings ratio of -46.48 and a beta of 1.87. The stock has a 50 day moving average of $13.56 and a 200-day moving average of $16.19. Kornit Digital declared that its Board of Directors has initiated a share buyback program on Monday, November 17th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 17.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued. Analyst Upgrades and DowngradesKRNT has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Kornit Digital in a research note on Wednesday, October 8th. Morgan Stanley restated an "equal weight" rating and set a $15.00 price objective (down previously from $20.00) on shares of Kornit Digital in a research note on Thursday, November 6th. Cantor Fitzgerald cut their target price on Kornit Digital from $28.50 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, November 6th. Barclays reduced their target price on Kornit Digital from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, November 6th. Finally, Needham & Company LLC dropped their price target on shares of Kornit Digital from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kornit Digital presently has a consensus rating of "Hold" and a consensus price target of $19.75.Get Our Latest Stock Analysis on KRNTKornit Digital Profile (Free Report)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.See AlsoFive stocks we like better than Kornit DigitalGrowth Stocks: What They Are, What They Are NotPost 35% Surge, Analysts Eye More Upside in Copper Giant FreeportStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeWhy a SpaceX IPO Could Be a Major Catalyst for GOOGL StockInsider Trading - What You Need to KnowCan Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishWant to see what other hedge funds are holding KRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kornit Digital Ltd. (NASDAQ:KRNT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Kornit Digital Right Now?Before you consider Kornit Digital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kornit Digital wasn't on the list.While Kornit Digital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here