BidaskClub lowered shares of Cognex (NASDAQ:CGNX) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Several other equities research analysts have also issued reports on CGNX. Robert W. Baird increased their target price on shares of Cognex from $50.00 to $62.00 and gave the stock a neutral rating in a research note on Tuesday, October 31st. Deutsche Bank set a $80.00 price target on shares of Cognex and gave the company a buy rating in a research note on Friday, January 19th. Zacks Investment Research raised shares of Cognex from a hold rating to a buy rating and set a $69.00 price target on the stock in a research note on Wednesday, November 1st. ValuEngine lowered shares of Cognex from a hold rating to a sell rating in a research note on Thursday, December 7th. Finally, Canaccord Genuity raised their price target on shares of Cognex from $47.50 to $60.00 and gave the company a hold rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $63.00.

Cognex (NASDAQ CGNX) traded up $0.13 during mid-day trading on Thursday, hitting $53.78. 862,174 shares of the stock traded hands, compared to its average volume of 1,568,867. Cognex has a twelve month low of $34.33 and a twelve month high of $72.99. The stock has a market cap of $9,520.00, a price-to-earnings ratio of 39.80 and a beta of 1.44.

In related news, Director Patrick Alias sold 5,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available through this link. Company insiders own 5.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AHL Partners LLP lifted its stake in Cognex by 0.8% in the 2nd quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock worth $241,000 after purchasing an additional 23 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Cognex by 2.4% during the 2nd quarter. Stifel Financial Corp now owns 15,563 shares of the scientific and technical instruments company’s stock worth $1,316,000 after buying an additional 364 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Cognex by 5.1% during the 3rd quarter. LS Investment Advisors LLC now owns 8,996 shares of the scientific and technical instruments company’s stock worth $992,000 after buying an additional 439 shares during the last quarter. Intrust Bank NA increased its holdings in shares of Cognex by 7.7% during the 3rd quarter. Intrust Bank NA now owns 6,187 shares of the scientific and technical instruments company’s stock worth $683,000 after buying an additional 441 shares during the last quarter. Finally, FDx Advisors Inc. increased its holdings in shares of Cognex by 7.5% during the 3rd quarter. FDx Advisors Inc. now owns 6,416 shares of the scientific and technical instruments company’s stock worth $708,000 after buying an additional 447 shares during the last quarter. 44.37% of the stock is currently owned by institutional investors and hedge funds.

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About Cognex

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.

Analyst Recommendations for Cognex (NASDAQ:CGNX)

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