Public Employees Retirement Association of Colorado boosted its position in Cognex Corporation (NASDAQ:CGNX) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,387 shares of the scientific and technical instruments company’s stock after buying an additional 35 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cognex Corporation were worth $1,476,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CGNX. Commerce Bank increased its stake in Cognex Corporation by 0.4% in the first quarter. Commerce Bank now owns 11,621 shares of the scientific and technical instruments company’s stock worth $975,000 after buying an additional 45 shares during the period. Sawtooth Solutions LLC increased its stake in Cognex Corporation by 1.4% in the first quarter. Sawtooth Solutions LLC now owns 3,958 shares of the scientific and technical instruments company’s stock worth $332,000 after buying an additional 54 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Cognex Corporation by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 14,830 shares of the scientific and technical instruments company’s stock worth $1,245,000 after buying an additional 66 shares during the period. Flinton Capital Management LLC increased its stake in Cognex Corporation by 3.4% in the first quarter. Flinton Capital Management LLC now owns 2,400 shares of the scientific and technical instruments company’s stock worth $201,000 after buying an additional 80 shares during the period. Finally, BB&T Corp increased its stake in Cognex Corporation by 2.0% in the second quarter. BB&T Corp now owns 4,661 shares of the scientific and technical instruments company’s stock worth $395,000 after buying an additional 92 shares during the period. 87.13% of the stock is owned by institutional investors.

Shares of Cognex Corporation (CGNX) opened at 101.52 on Friday. The firm has a 50-day moving average price of $93.33 and a 200-day moving average price of $85.39. Cognex Corporation has a 12-month low of $47.25 and a 12-month high of $110.69. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 46.38 and a beta of 1.43.

Cognex Corporation (NASDAQ:CGNX) last announced its earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. The company had revenue of $172.90 million for the quarter, compared to analyst estimates of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Equities research analysts anticipate that Cognex Corporation will post $2.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.33%. Cognex Corporation’s dividend payout ratio (DPR) is currently 15.60%.

Cognex Corporation declared that its Board of Directors has authorized a share buyback program on Monday, May 1st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-purchases-35-shares-of-cognex-corporation-nasdaqcgnx/1480501.html.

A number of equities research analysts have recently weighed in on the company. Cowen and Company reaffirmed a “buy” rating and set a $100.00 price target on shares of Cognex Corporation in a research note on Tuesday, July 11th. Wolfe Research started coverage on Cognex Corporation in a research note on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Zacks Investment Research raised Cognex Corporation from a “sell” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Wednesday, May 3rd. Canaccord Genuity reissued a “hold” rating and issued a $80.00 price objective (up from $65.00) on shares of Cognex Corporation in a research note on Wednesday, May 3rd. Finally, BidaskClub downgraded Cognex Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $82.75.

In other news, CEO Robert Willett sold 55,919 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $91.73, for a total transaction of $5,129,449.87. Following the transaction, the chief executive officer now owns 55,919 shares in the company, valued at $5,129,449.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodor Krantz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $96.09, for a total value of $720,675.00. Following the transaction, the director now owns 26,250 shares in the company, valued at approximately $2,522,362.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,419 shares of company stock worth $8,947,725. 5.60% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding CGNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognex Corporation (NASDAQ:CGNX).

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

Receive News & Ratings for Cognex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.