Cognex Co. (CGNX) Stake Increased by Genesee Valley Trust Co.

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.

A number of brokerages have recently issued reports on CGNX. Deutsche Bank set a $80.00 price target on shares of Cognex and gave the company a “buy” rating in a report on Friday, January 19th. JPMorgan Chase & Co. downgraded shares of Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price target on the stock. in a report on Wednesday, November 8th. BidaskClub raised shares of Cognex from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of Cognex from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Canaccord Genuity raised their price objective on shares of Cognex from $47.50 to $60.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Cognex currently has an average rating of “Hold” and a consensus price target of $63.00.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2018/02/08/cognex-co-cgnx-stake-increased-by-genesee-valley-trust-co.html.

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.

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

Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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

Latest News

Leave a Reply