Stephens Investment Management Group LLC Increases Stock Holdings in Cognex Co. (NASDAQ:CGNX)

Stephens Investment Management Group LLC increased its holdings in Cognex Co. (NASDAQ:CGNX) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916,459 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,667 shares during the quarter. Stephens Investment Management Group LLC owned about 0.54% of Cognex worth $43,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in CGNX. Janus Henderson Group PLC raised its holdings in Cognex by 73.5% in the first quarter. Janus Henderson Group PLC now owns 5,351,993 shares of the scientific and technical instruments company’s stock worth $272,203,000 after purchasing an additional 2,268,034 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Cognex by 48.0% in the first quarter. Artisan Partners Limited Partnership now owns 2,607,272 shares of the scientific and technical instruments company’s stock worth $132,606,000 after purchasing an additional 846,090 shares in the last quarter. Manning & Napier Group LLC raised its holdings in Cognex by 176.8% in the second quarter. Manning & Napier Group LLC now owns 811,630 shares of the scientific and technical instruments company’s stock worth $38,941,000 after purchasing an additional 518,420 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Cognex by 238.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 715,332 shares of the scientific and technical instruments company’s stock worth $33,878,000 after purchasing an additional 504,116 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Cognex by 116.9% in the first quarter. Fiera Capital Corp now owns 903,639 shares of the scientific and technical instruments company’s stock worth $45,959,000 after purchasing an additional 487,039 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

In other Cognex news, Director Dianne M. Parrotte sold 900 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $45.00, for a total value of $40,500.00. Following the completion of the sale, the director now directly owns 19,700 shares in the company, valued at approximately $886,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.



A number of equities analysts have issued reports on CGNX shares. ValuEngine downgraded Cognex from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Gordon Haskett started coverage on Cognex in a report on Wednesday, April 17th. They issued a “hold” rating and a $54.00 price objective for the company. Sanford C. Bernstein downgraded Cognex from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a report on Tuesday, April 30th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cognex from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Needham & Company LLC downgraded Cognex from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Cognex presently has a consensus rating of “Hold” and a consensus target price of $50.60.

Shares of CGNX stock traded down $0.06 during mid-day trading on Thursday, hitting $43.68. The stock had a trading volume of 27,743 shares, compared to its average volume of 1,656,671. Cognex Co. has a 12-month low of $34.88 and a 12-month high of $59.18. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 3.32 and a beta of 2.08. The stock has a 50-day moving average of $43.79. The company has a quick ratio of 7.07, a current ratio of 7.92 and a debt-to-equity ratio of 0.01.

Cognex (NASDAQ:CGNX) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.05. Cognex had a return on equity of 17.81% and a net margin of 26.03%. The business had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.65 million. During the same period in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts predict that Cognex Co. will post 0.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, August 15th. Cognex’s dividend payout ratio is 16.13%.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. It provides machine vision products, which are used to automate the manufacture and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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