Barclays PLC trimmed its position in shares of Cognex Co. (NASDAQ:CGNX - Free Report) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,107 shares of the scientific and technical instruments company's stock after selling 29,836 shares during the period. Barclays PLC's holdings in Cognex were worth $3,366,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CGNX. Riverview Trust Co bought a new stake in shares of Cognex during the third quarter valued at approximately $25,000. Advisors Asset Management Inc. boosted its stake in Cognex by 123.1% during the third quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 394 shares in the last quarter. Truvestments Capital LLC bought a new stake in Cognex in the 3rd quarter valued at $36,000. Point72 Hong Kong Ltd acquired a new position in shares of Cognex in the 2nd quarter valued at $55,000. Finally, Signaturefd LLC lifted its holdings in shares of Cognex by 43.2% during the 2nd quarter. Signaturefd LLC now owns 1,704 shares of the scientific and technical instruments company's stock worth $80,000 after acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Cantor Fitzgerald raised shares of Cognex to a "strong-buy" rating in a research note on Friday. Stephens upgraded Cognex from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $45.00 to $55.00 in a research note on Wednesday, October 16th. Truist Financial cut their target price on Cognex from $43.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Finally, Needham & Company LLC lowered their price target on Cognex from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Cognex presently has a consensus rating of "Moderate Buy" and an average target price of $47.92.
Check Out Our Latest Report on Cognex
Insider Buying and Selling at Cognex
In other Cognex news, CTO Joerg Kuechen sold 2,934 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.75, for a total transaction of $110,758.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the completion of the sale, the director now directly owns 26,608 shares of the company's stock, valued at $1,065,118.24. This trade represents a 49.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.
Cognex Stock Performance
Cognex stock traded up $0.54 on Tuesday, reaching $36.69. The company's stock had a trading volume of 392,557 shares, compared to its average volume of 1,263,624. Cognex Co. has a twelve month low of $34.79 and a twelve month high of $53.13. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 70.56 and a beta of 1.39. The business's fifty day moving average price is $39.43 and its 200 day moving average price is $41.66.
Cognex Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Cognex's previous quarterly dividend of $0.08. Cognex's dividend payout ratio is currently 61.54%.
About Cognex
(
Free Report)
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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