8,100 Shares in Cognex Corporation (CGNX) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,100 shares of the scientific and technical instruments company’s stock, valued at approximately $841,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Cognex Corporation by 3.5% during the 2nd quarter. BlackRock Inc. now owns 6,887,038 shares of the scientific and technical instruments company’s stock worth $584,711,000 after acquiring an additional 231,014 shares during the last quarter. Vanguard Group Inc. grew its position in Cognex Corporation by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,734,216 shares of the scientific and technical instruments company’s stock worth $571,735,000 after acquiring an additional 159,355 shares during the last quarter. Ameriprise Financial Inc. grew its position in Cognex Corporation by 126.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,342,312 shares of the scientific and technical instruments company’s stock worth $198,864,000 after acquiring an additional 1,309,047 shares during the last quarter. State Street Corp grew its position in Cognex Corporation by 2.2% during the 2nd quarter. State Street Corp now owns 2,169,073 shares of the scientific and technical instruments company’s stock worth $184,153,000 after acquiring an additional 45,840 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Cognex Corporation by 21.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,261,312 shares of the scientific and technical instruments company’s stock worth $107,085,000 after acquiring an additional 221,545 shares during the last quarter. 85.83% of the stock is owned by institutional investors.

In related news, Director Patrick Alias sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $111.31, for a total transaction of $556,550.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $556,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bruce Robinson J sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $106.50, for a total value of $745,500.00. Following the transaction, the director now directly owns 5,625 shares in the company, valued at $599,062.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,750 shares of company stock worth $19,125,325. 5.60% of the stock is owned by corporate insiders.

Shares of Cognex Corporation (CGNX) opened at $144.38 on Friday. Cognex Corporation has a 52-week low of $57.42 and a 52-week high of $145.98. The company has a market capitalization of $12,394.87, a PE ratio of 52.82 and a beta of 1.48.

Shares of Cognex Corporation are set to split on the morning of Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly issued shares will be distributed to shareholders after the market closes on Friday, December 1st.

Cognex Corporation (NASDAQ:CGNX) last announced its earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. Cognex Corporation had a return on equity of 23.31% and a net margin of 34.77%. The company had revenue of $259.74 million for the quarter, compared to analyst estimates of $255.95 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year. equities analysts forecast that Cognex Corporation will post 2.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.09 per share. This is a positive change from Cognex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.36 annualized dividend and a dividend yield of 0.25%. Cognex Corporation’s dividend payout ratio is presently 13.28%.

A number of equities research analysts recently weighed in on CGNX shares. Cowen Inc restated an “outperform” rating and set a $135.00 price objective (up previously from $100.00) on shares of Cognex Corporation in a research report on Tuesday, August 8th. Canaccord Genuity boosted their price objective on Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Wolfe Research upgraded Cognex Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Cognex Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research report on Wednesday, November 1st. Finally, Robert W. Baird upped their price target on Cognex Corporation from $100.00 to $124.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Cognex Corporation currently has a consensus rating of “Buy” and a consensus target price of $106.88.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/11/25/8100-shares-in-cognex-corporation-cgnx-purchased-by-dekabank-deutsche-girozentrale.html.

Cognex Corporation Profile

Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.

Institutional Ownership by Quarter for Cognex Corporation (NASDAQ:CGNX)

Receive News & Ratings for Cognex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply