IFP Advisors Inc increased its stake in shares of Cognex Co. (NASDAQ:CGNX) by 92.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,371 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,096 shares during the quarter. IFP Advisors Inc’s holdings in Cognex were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Cognex during the 4th quarter worth $126,000. Strs Ohio purchased a new stake in shares of Cognex during the 4th quarter worth $133,000. Huntington National Bank lifted its stake in shares of 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Cognex during the 4th quarter worth $171,000. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Cognex during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 44.37% of the company’s stock.

Shares of Cognex Co. (CGNX) opened at $57.94 on Wednesday. Cognex Co. has a 12 month low of $34.06 and a 12 month high of $72.99. The company has a market capitalization of $9,801.60, a PE ratio of 41.77 and a beta of 1.44.

In other Cognex news, Director Theodor Krantz sold 15,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $134.05, for a total value of $2,010,750.00. Following the completion of the sale, the director now directly owns 26,250 shares in the company, valued at $3,518,812.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patrick Alias sold 5,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $143.54, for a total value of $717,700.00. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

A number of equities research analysts recently weighed in on CGNX shares. Zacks Investment Research cut Cognex from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub cut Cognex from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. cut Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price objective for the company. in a research note on Wednesday, November 8th. ValuEngine cut Cognex from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Robert W. Baird upped their price objective on Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Cognex presently has a consensus rating of “Hold” and a consensus price target of $63.00.

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Cognex 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.

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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