Genesee Valley Trust Co. grew its stake in shares of Cognex Co. (NASDAQ:CGNX) by 89.8% during the fourth quarter, Holdings Channel reports. The fund owned 7,623 shares of the scientific and technical instruments company’s stock after buying an additional 3,607 shares during the quarter. Genesee Valley Trust Co.’s holdings in Cognex were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Cognex by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,670 shares of the scientific and technical instruments company’s stock valued at $11,349,000 after acquiring an additional 2,551 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Cognex during the 3rd quarter valued at about $8,308,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Cognex during the 3rd quarter valued at about $841,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Cognex during the 3rd quarter valued at about $265,000. Finally, State Street Corp boosted its holdings in shares of Cognex by 2.2% during 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 acquiring an additional 45,840 shares during the last quarter. 44.37% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Patrick Alias sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $143.54, for a total value of $717,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.
Cognex Co. (NASDAQ CGNX) opened at $56.98 on Thursday. The stock has a market cap of $9,870.00, a P/E ratio of 41.90 and a beta of 1.44. Cognex Co. has a 1-year low of $34.13 and a 1-year high of $72.99.
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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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