Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,100 shares of the scientific and technical instruments company’s stock, valued at approximately $772,000.

Several other large investors have also recently bought and sold shares of CGNX. Ameriprise Financial Inc. grew its holdings in shares of Cognex Corporation by 126.7% during the second quarter. Ameriprise Financial Inc. now owns 2,342,312 shares of the scientific and technical instruments company’s stock valued at $198,864,000 after buying an additional 1,309,047 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of Cognex Corporation during the second quarter valued at approximately $87,064,000. Goldman Sachs Group Inc. grew its holdings in shares of Cognex Corporation by 86.7% during the first quarter. Goldman Sachs Group Inc. now owns 888,783 shares of the scientific and technical instruments company’s stock valued at $74,613,000 after buying an additional 412,652 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Cognex Corporation during the second quarter valued at approximately $31,281,000. Finally, Vanguard Group Inc. grew its holdings in shares of Cognex Corporation by 5.0% during the first quarter. Vanguard Group Inc. now owns 6,574,861 shares of the scientific and technical instruments company’s stock valued at $551,959,000 after buying an additional 311,769 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Shares of Cognex Corporation (CGNX) traded down 0.435% during midday trading on Wednesday, reaching $120.215. 140,218 shares of the company were exchanged. The firm has a market capitalization of $10.41 billion, a P/E ratio of 54.918 and a beta of 1.42. Cognex Corporation has a 52 week low of $49.68 and a 52 week high of $121.22. The firm has a 50-day moving average of $111.90 and a 200 day moving average of $96.56.

Cognex Corporation (NASDAQ:CGNX) last posted its quarterly earnings data on Monday, July 31st. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.08. Cognex Corporation had a net margin of 33.10% and a return on equity of 19.51%. The business had revenue of $172.90 million during the quarter, compared to analyst estimates of $169.79 million. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts expect that Cognex Corporation will post $2.55 EPS for the current year.

In other news, Director Jerry A. Schneider sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $102.67, for a total value of $513,350.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $616,020. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Willett sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $103.37, for a total transaction of $2,584,250.00. Following the completion of the transaction, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $2,584,250. The disclosure for this sale can be found here. In the last three months, insiders sold 126,750 shares of company stock valued at $13,242,726. Insiders own 5.60% of the company’s stock.

A number of equities research analysts have recently commented on CGNX shares. BidaskClub cut shares of Cognex Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Cognex Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, July 4th. Cowen and Company restated a “buy” rating and issued a $100.00 target price on shares of Cognex Corporation in a report on Tuesday, July 11th. Finally, Wolfe Research initiated coverage on shares of Cognex Corporation in a report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $82.75.

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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.

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

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