Vontobel Holding Ltd. raised its holdings in Cognex Co. (NASDAQ:CGNX - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,905 shares of the scientific and technical instruments company's stock after acquiring an additional 12,581 shares during the period. Vontobel Holding Ltd.'s holdings in Cognex were worth $1,539,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Cognex by 123.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company's stock valued at $29,000 after purchasing an additional 394 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Cognex in the third quarter valued at approximately $36,000. Clean Yield Group grew its stake in shares of Cognex by 1,686.7% during the fourth quarter. Clean Yield Group now owns 1,072 shares of the scientific and technical instruments company's stock worth $38,000 after buying an additional 1,012 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cognex during the third quarter worth $40,000. Finally, AM Squared Ltd lifted its stake in shares of Cognex by 4,566.7% in the 3rd quarter. AM Squared Ltd now owns 2,100 shares of the scientific and technical instruments company's stock valued at $85,000 after acquiring an additional 2,055 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.
Insider Transactions at Cognex
In other news, CTO Joerg Kuechen sold 2,934 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.
Cognex Trading Down 1.8 %
CGNX stock traded down $0.60 during midday trading on Friday, hitting $32.80. The stock had a trading volume of 1,669,656 shares, compared to its average volume of 1,418,890. The firm has a market cap of $5.57 billion, a P/E ratio of 53.77 and a beta of 1.40. The business has a fifty day moving average price of $37.35 and a two-hundred day moving average price of $38.74. Cognex Co. has a 1-year low of $32.35 and a 1-year high of $53.13.
Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Cognex had a net margin of 11.61% and a return on equity of 5.65%. On average, equities analysts anticipate that Cognex Co. will post 0.62 EPS for the current year.
Cognex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 27th. Cognex's payout ratio is 52.46%.
Analyst Ratings Changes
A number of equities analysts have issued reports on CGNX shares. Cantor Fitzgerald raised Cognex to a "strong-buy" rating in a report on Friday, December 20th. UBS Group reduced their price target on Cognex from $58.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday. Robert W. Baird dropped their price objective on shares of Cognex from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Cognex from $39.00 to $35.00 and set a "sell" rating on the stock in a report on Tuesday. Finally, Stephens restated an "overweight" rating and issued a $55.00 price target on shares of Cognex in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.83.
Check Out Our Latest Research Report on Cognex
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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