Wealth Enhancement Advisory Services LLC bought a new stake in Cognex Co. (NASDAQ:CGNX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,889 shares of the scientific and technical instruments company’s stock, valued at approximately $1,079,000.
A number of other large investors have also recently added to or reduced their stakes in CGNX. Huntington National Bank increased its position in Cognex by 67.3% during the 3rd quarter. Huntington National Bank now owns 1,367 shares of the scientific and technical instruments company’s stock worth $151,000 after purchasing an additional 550 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Cognex during the 4th quarter worth approximately $171,000. Coldstream Capital Management Inc. acquired a new stake in Cognex during the 3rd quarter worth approximately $203,000. Private Trust Co. NA acquired a new stake in Cognex during the 4th quarter worth approximately $203,000. Finally, Empirical Finance LLC acquired a new stake in Cognex during the 3rd quarter worth approximately $209,000. Institutional investors own 44.37% of the company’s stock.
Several analysts have issued reports on CGNX shares. Zacks Investment Research downgraded shares of Cognex from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Cognex from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. downgraded shares of Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price objective for the company. in a research report on Wednesday, November 8th. ValuEngine downgraded shares of Cognex from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Robert W. Baird raised their price target on shares of Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Cognex presently has a consensus rating of “Hold” and an average target price of $63.00.
Cognex Co. (NASDAQ CGNX) traded up $1.37 during mid-day trading on Friday, reaching $55.02. The company’s stock had a trading volume of 2,365,076 shares, compared to its average volume of 1,600,000. The company has a market capitalization of $9,530.00, a PE ratio of 40.46 and a beta of 1.44. Cognex Co. has a 12 month low of $34.33 and a 12 month high of $72.99.
In other Cognex news, Director Patrick Alias sold 5,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $143.54, for a total value of $717,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.
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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.
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