Comerica Bank grew its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,294 shares of the scientific and technical instruments company’s stock after purchasing an additional 813 shares during the period. Comerica Bank owned approximately 0.08% of Cognex Corporation worth $8,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AHL Partners LLP boosted its stake in shares of 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 in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 in the last quarter. Sawtooth Solutions LLC boosted its stake in shares of 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 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 in the last quarter. Finally, BB&T Corp boosted its stake in shares of 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 in the last quarter. 85.51% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Bruce Robinson J sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $106.50, for a total transaction of $745,500.00. Following the completion of the transaction, the director now directly owns 5,625 shares of the company’s stock, valued at $599,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Willett sold 8,241 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $103.09, for a total transaction of $849,564.69. Following the transaction, the chief executive officer now directly owns 8,241 shares of the company’s stock, valued at $849,564.69. The disclosure for this sale can be found here. Insiders sold 158,991 shares of company stock valued at $19,974,890 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Shares of Cognex Corporation (CGNX) traded up $2.58 during midday trading on Friday, reaching $140.52. 1,207,971 shares of the company were exchanged, compared to its average volume of 744,026. Cognex Corporation has a one year low of $57.42 and a one year high of $140.94. The stock has a market cap of $11,940.00, a PE ratio of 50.82 and a beta of 1.48.

Shares of Cognex Corporation are going to split on the morning of Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly minted shares will be issued to shareholders after the closing bell on Friday, December 1st.

Cognex Corporation (NASDAQ:CGNX) last issued its earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. The business had revenue of $259.74 million during the quarter, compared to analysts’ expectations of $255.95 million. Cognex Corporation had a net margin of 34.77% and a return on equity of 23.31%. The business’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. analysts expect that Cognex Corporation will post 2.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.09 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Cognex Corporation’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 0.26%. Cognex Corporation’s payout ratio is 12.55%.

A number of equities research analysts have recently weighed in on the stock. Cowen and Company lifted their target price on shares of Cognex Corporation from $100.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Wolfe Research raised shares of Cognex Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Canaccord Genuity lifted their target price on shares of Cognex Corporation from $95.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird lifted their price target on shares of Cognex Corporation from $100.00 to $124.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Cognex Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $106.88.

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Cognex Corporation 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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