Penserra Capital Management LLC raised its position in shares of Cognex Co. (NASDAQ:CGNX) by 304.9% during the 4th quarter, HoldingsChannel reports. The firm owned 90,464 shares of the scientific and technical instruments company’s stock after purchasing an additional 68,123 shares during the period. Penserra Capital Management LLC’s holdings in Cognex were worth $5,532,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AHL Partners LLP raised its position in shares of Cognex by 0.8% during the second quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock valued at $241,000 after buying an additional 23 shares during the last quarter. Stifel Financial Corp raised its position in shares of Cognex by 2.4% during the second quarter. Stifel Financial Corp now owns 15,563 shares of the scientific and technical instruments company’s stock valued at $1,316,000 after buying an additional 364 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Cognex by 5.1% during the third quarter. LS Investment Advisors LLC now owns 8,996 shares of the scientific and technical instruments company’s stock valued at $992,000 after buying an additional 439 shares during the last quarter. Intrust Bank NA raised its position in shares of Cognex by 7.7% during the third quarter. Intrust Bank NA now owns 6,187 shares of the scientific and technical instruments company’s stock valued at $683,000 after buying an additional 441 shares during the last quarter. Finally, FDx Advisors Inc. raised its position in shares of Cognex by 7.5% during the third quarter. FDx Advisors Inc. now owns 6,416 shares of the scientific and technical instruments company’s stock valued at $708,000 after buying an additional 447 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Patrick Alias sold 5,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $143.54, for a total value of $717,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.60% of the company’s stock.

CGNX has been the topic of several recent analyst reports. Deutsche Bank set a $80.00 price objective on shares of Cognex and gave the company a “buy” rating in a research report on Friday, January 19th. BidaskClub upgraded shares of Cognex from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Cognex from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, November 1st. Canaccord Genuity boosted their price target on shares of Cognex from $47.50 to $60.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird boosted their price target on shares of Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Shares of Cognex Co. (NASDAQ CGNX) opened at $54.89 on Tuesday. Cognex Co. has a 1 year low of $34.33 and a 1 year high of $72.99. The firm has a market cap of $9,527.99, a price-to-earnings ratio of 40.51 and a beta of 1.44.

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Cognex 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.

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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