C M Bidwell & Associates Ltd. lifted its position in Cognex Corporation (NASDAQ:CGNX) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,595 shares of the scientific and technical instruments company’s stock after buying an additional 845 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Cognex Corporation were worth $2,598,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Cognex Corporation by 3.5% in the 2nd quarter. BlackRock Inc. now owns 6,887,038 shares of the scientific and technical instruments company’s stock valued at $584,711,000 after buying an additional 231,014 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Cognex Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,734,216 shares of the scientific and technical instruments company’s stock valued at $571,735,000 after buying an additional 159,355 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Cognex Corporation by 126.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,342,312 shares of the scientific and technical instruments company’s stock valued at $198,864,000 after buying an additional 1,309,047 shares in the last quarter. State Street Corp grew its stake in shares of Cognex Corporation by 2.2% in the 2nd quarter. State Street Corp now owns 2,169,073 shares of the scientific and technical instruments company’s stock valued at $184,153,000 after buying an additional 45,840 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Cognex Corporation by 21.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,261,312 shares of the scientific and technical instruments company’s stock valued at $107,085,000 after buying an additional 221,545 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

In other Cognex Corporation news, Director Theodor Krantz sold 9,750 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $103.78, for a total value of $1,011,855.00. Following the completion of the transaction, the director now directly owns 22,500 shares in the company, valued at $2,335,050. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick Alias sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $111.31, for a total value of $556,550.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $556,550. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,750 shares of company stock valued at $13,242,726. Corporate insiders own 5.60% of the company’s stock.

Cognex Corporation (CGNX) traded up 0.51% during midday trading on Friday, reaching $116.21. The company had a trading volume of 557,298 shares. Cognex Corporation has a 52-week low of $49.68 and a 52-week high of $117.04. The company has a market cap of $10.06 billion, a PE ratio of 53.09 and a beta of 1.42. The company’s 50-day moving average is $109.37 and its 200 day moving average is $95.00.

Cognex Corporation (NASDAQ:CGNX) last posted its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The firm had revenue of $172.90 million during the quarter, compared to the consensus estimate of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. On average, equities research analysts forecast that Cognex Corporation will post $2.55 EPS for the current year.

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Several equities research analysts recently commented on the company. Zacks Investment Research cut Cognex Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub raised Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Cowen and Company boosted their price target on Cognex Corporation from $100.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Wolfe Research assumed coverage on Cognex Corporation in a research note on Tuesday, July 11th. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $82.75.

About Cognex Corporation

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

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