Canada Pension Plan Investment Board grew its position in shares of Cognex Corporation (NASDAQ:CGNX) by 39.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,600 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of Cognex Corporation worth $8,006,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Cognex Corporation by 1.9% in 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 buying an additional 2,551 shares during the last quarter. Airain ltd acquired a new stake in shares of Cognex Corporation in the 2nd quarter valued at approximately $1,074,000. Prudential Financial Inc. boosted its holdings in shares of Cognex Corporation by 24.8% in the 2nd quarter. Prudential Financial Inc. now owns 427,606 shares of the scientific and technical instruments company’s stock valued at $36,303,000 after buying an additional 84,976 shares during the last quarter. State Street Corp boosted its holdings in shares of Cognex Corporation by 2.2% in 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 buying an additional 45,840 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Cognex Corporation in the 2nd quarter valued at approximately $550,000. 85.51% of the stock is owned by hedge funds and other institutional investors.

In other Cognex Corporation news, CEO Robert Willett sold 8,241 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $103.09, for a total transaction of $849,564.69. Following the transaction, the chief executive officer now owns 8,241 shares in the company, valued at approximately $849,564.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Curran sold 12,500 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $132.60, for a total value of $1,657,500.00. Following the transaction, the insider now owns 6,250 shares in the company, valued at approximately $828,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,750 shares of company stock worth $24,945,796. 5.60% of the stock is owned by company insiders.

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Shares of Cognex Corporation (NASDAQ CGNX) opened at $136.36 on Monday. Cognex Corporation has a 12 month low of $53.50 and a 12 month high of $138.18. The firm has a market capitalization of $11,806.95, a price-to-earnings ratio of 50.32 and a beta of 1.48.

Cognex Corporation shares are scheduled to split on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly created shares will be distributed to shareholders after the market closes on Friday, December 1st.

Cognex Corporation (NASDAQ:CGNX) last posted its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. equities analysts forecast that Cognex Corporation will post 2.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.26%. 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 dividend payout ratio is 12.55%.

Several research firms have recently commented on CGNX. Zacks Investment Research downgraded Cognex Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co downgraded Cognex Corporation from a “neutral” rating to an “underweight” rating and set a $125.00 price objective for the company. in a report on Wednesday, November 8th. BidaskClub raised Cognex Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Cowen and Company increased their price objective on Cognex Corporation from $100.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird increased their price objective on Cognex Corporation from $100.00 to $124.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $106.88.

Cognex Corporation 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.

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

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