Landscape Capital Management L.L.C. Acquires Shares of 16,511 Cognex Corporation $CGNX

Landscape Capital Management L.L.C. bought a new position in shares of Cognex Corporation (NASDAQ:CGNX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,511 shares of the scientific and technical instruments company’s stock, valued at approximately $1,196,000.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC grew its stake in shares of Cognex by 124.5% during the fourth quarter. Intech Investment Management LLC now owns 98,451 shares of the scientific and technical instruments company’s stock worth $3,542,000 after buying an additional 54,600 shares during the last quarter. One Capital Management LLC bought a new position in shares of Cognex in the 4th quarter valued at $1,945,000. Handelsbanken Fonder AB lifted its stake in shares of Cognex by 76.3% in the 4th quarter. Handelsbanken Fonder AB now owns 758,831 shares of the scientific and technical instruments company’s stock valued at $27,303,000 after acquiring an additional 328,427 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Cognex by 11.1% during the 4th quarter. Legal & General Group Plc now owns 1,152,053 shares of the scientific and technical instruments company’s stock valued at $41,451,000 after acquiring an additional 114,652 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Cognex by 58.0% during the 4th quarter. M&T Bank Corp now owns 80,511 shares of the scientific and technical instruments company’s stock valued at $2,897,000 after acquiring an additional 29,546 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cognex Stock Performance

Shares of CGNX opened at $60.54 on Monday. The stock’s 50-day moving average price is $64.92 and its two-hundred day moving average price is $58.89. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The company has a market capitalization of $10.18 billion, a PE ratio of 58.78 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The company had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities research analysts predict that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is currently 33.01%.

Insider Activity

In other news, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the completion of the transaction, the vice president directly owned 3,990 shares in the company, valued at $264,696.60. This trade represents a 83.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CGNX has been the subject of a number of recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Monday, August 10th. Stephens boosted their price target on Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. DA Davidson set a $65.00 price objective on Cognex and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Cognex currently has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.