First Quadrant L P CA lessened its position in shares of Cognex Corporation (NASDAQ:CGNX) by 77.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,775 shares of the scientific and technical instruments company’s stock after selling 169,313 shares during the quarter. First Quadrant L P CA owned 0.06% of Cognex Corporation worth $5,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. AHL Partners LLP grew its stake in Cognex Corporation by 0.8% during the 2nd quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock valued at $241,000 after purchasing an additional 23 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Cognex Corporation by 2.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,999 shares of the scientific and technical instruments company’s stock valued at $170,000 after purchasing an additional 47 shares during the last quarter. Sawtooth Solutions LLC grew its stake in Cognex Corporation by 1.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,009 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 51 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cognex Corporation by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,645 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after purchasing an additional 75 shares during the last quarter. Finally, BB&T Corp grew its stake in Cognex Corporation by 2.0% during the 2nd quarter. BB&T Corp now owns 4,661 shares of the scientific and technical instruments company’s stock valued at $395,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

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Several analysts have weighed in on CGNX shares. Zacks Investment Research upgraded Cognex Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Wednesday. Cowen and Company reiterated a “buy” rating and set a $100.00 price target on shares of Cognex Corporation in a research note on Tuesday, July 11th. Canaccord Genuity boosted their price target on Cognex Corporation from $95.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday. Robert W. Baird boosted their price target on Cognex Corporation from $100.00 to $124.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Wolfe Research upgraded Cognex Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.50.

Cognex Corporation (NASDAQ:CGNX) last posted its earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.09. Cognex Corporation had a return on equity of 23.31% and a net margin of 34.77%. The business had revenue of $259.74 million for the quarter, compared to analysts’ expectations of $255.95 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 75.6% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Cognex Corporation’s previous quarterly dividend of $0.09. Cognex Corporation’s payout ratio is 12.55%.

In related news, Director Theodor Krantz sold 9,750 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $103.78, for a total value of $1,011,855.00. Following the transaction, the director now owns 22,500 shares in the company, valued at approximately $2,335,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Willett sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $103.37, for a total value of $2,584,250.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $2,584,250. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $12,729,376 in the last 90 days. 5.60% of the stock is currently owned by 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.

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

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