Several analysts have recently updated their ratings and price targets for Cognex Corporation (NASDAQ: CGNX):

  • 7/17/2017 – Cognex Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. “
  • 7/11/2017 – Cognex Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock.
  • 7/11/2017 – Cognex Corporation is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
  • 7/4/2017 – Cognex Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. “
  • 6/30/2017 – Cognex Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of Cognex Corporation (CGNX) opened at 89.18 on Tuesday. The firm has a market capitalization of $7.73 billion, a PE ratio of 43.40 and a beta of 1.42. The company has a 50 day moving average of $91.91 and a 200 day moving average of $79.32. Cognex Corporation has a 52-week low of $43.07 and a 52-week high of $97.99.

In other Cognex Corporation news, Director Theodor Krantz sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $96.09, for a total value of $720,675.00. Following the sale, the director now directly owns 26,250 shares in the company, valued at $2,522,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Willett sold 55,919 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $91.73, for a total value of $5,129,449.87. Following the completion of the sale, the chief executive officer now owns 55,919 shares in the company, valued at $5,129,449.87. The disclosure for this sale can be found here. Insiders sold 107,500 shares of company stock worth $9,808,143 over the last quarter. Company insiders own 5.60% of the company’s stock.

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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