Stephens Inc. AR Has $196,000 Position in Cognex Corporation (CGNX)
Stephens Inc. AR continued to hold its stake in shares of Cognex Corporation (NASDAQ:CGNX) during the first quarter, Holdings Channel reports. The fund owned 2,336 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Stephens Inc. AR’s holdings in Cognex Corporation were worth $196,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CGNX. OppenheimerFunds Inc. increased its position in shares of Cognex Corporation by 9.0% in the first quarter. OppenheimerFunds Inc. now owns 1,801,467 shares of the scientific and technical instruments company’s stock worth $151,233,000 after buying an additional 148,004 shares during the period. Congress Asset Management Co. MA purchased a new position in shares of Cognex Corporation during the fourth quarter worth approximately $67,134,000. Bank of New York Mellon Corp increased its position in shares of Cognex Corporation by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 1,039,767 shares of the scientific and technical instruments company’s stock worth $87,290,000 after buying an additional 35,584 shares during the period. Ameriprise Financial Inc. increased its position in shares of Cognex Corporation by 171.3% in the first quarter. Ameriprise Financial Inc. now owns 1,033,265 shares of the scientific and technical instruments company’s stock worth $86,741,000 after buying an additional 652,404 shares during the period. Finally, Norges Bank purchased a new position in shares of Cognex Corporation during the fourth quarter worth approximately $56,999,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
Shares of Cognex Corporation (NASDAQ CGNX) traded up 1.65% during mid-day trading on Friday, hitting $91.21. 1,141,337 shares of the company traded hands. The firm has a 50-day moving average of $91.30 and a 200-day moving average of $77.31. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 44.38 and a beta of 1.29. Cognex Corporation has a one year low of $38.71 and a one year high of $97.99.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.34 annualized dividend and a yield of 0.37%. This is a positive change from Cognex Corporation’s previous quarterly dividend of $0.08. Cognex Corporation’s dividend payout ratio is presently 16.67%.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cognex Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Canaccord Genuity reissued a “hold” rating and issued a $80.00 price objective (up previously from $65.00) on shares of Cognex Corporation in a research report on Wednesday, May 3rd. Cowen and Company decreased their price objective on shares of Cognex Corporation from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Cognex Corporation in a research report on Monday, April 3rd. They issued a “buy” rating for the company. Finally, Summit Redstone reissued a “buy” rating on shares of Cognex Corporation in a research report on Thursday, March 30th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $72.78.
In related news, CEO Robert Willett sold 55,919 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.73, for a total transaction of $5,129,449.87. Following the completion of the transaction, the chief executive officer now owns 55,919 shares in the company, valued at $5,129,449.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Theodor Krantz sold 7,500 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $96.09, for a total transaction of $720,675.00. Following the transaction, the director now owns 26,250 shares of the company’s stock, valued at approximately $2,522,362.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,500 shares of company stock valued at $9,808,143. 5.60% of the stock is owned by company insiders.
Cognex Corporation Company 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.
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).
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.