US Bancorp DE Has $7.96 Million Position in Cognex Co. (CGNX)
US Bancorp DE increased its position in Cognex Co. (NASDAQ:CGNX) by 67.9% in the 4th quarter, HoldingsChannel reports. The fund owned 130,204 shares of the scientific and technical instruments company’s stock after buying an additional 52,647 shares during the quarter. US Bancorp DE’s holdings in Cognex were worth $7,963,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in CGNX. Cerebellum GP LLC purchased a new stake in Cognex in the 4th quarter worth approximately $126,000. Strs Ohio purchased a new stake in Cognex in the 4th quarter worth approximately $133,000. Clear Perspective Advisors LLC increased its holdings in Cognex by 100.0% in the 4th quarter. Clear Perspective Advisors LLC now owns 2,200 shares of the scientific and technical instruments company’s stock worth $135,000 after acquiring an additional 1,100 shares in the last quarter. Huntington National Bank increased its holdings in Cognex by 67.3% in the 3rd quarter. Huntington National Bank now owns 1,367 shares of the scientific and technical instruments company’s stock worth $151,000 after acquiring an additional 550 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Cognex in the 4th quarter worth approximately $171,000. 44.37% of the stock is owned by institutional investors.
In other Cognex news, Director Patrick Alias sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $143.54, for a total value of $717,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Cognex from a “hold” rating to a “sell” rating in a report on Thursday. Canaccord Genuity increased their target price on shares of Cognex from $47.50 to $60.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. Deutsche Bank set a $80.00 target price on shares of Cognex and gave the stock a “buy” rating in a report on Friday, January 19th. 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 report on Tuesday, October 31st. Finally, ValuEngine lowered shares of Cognex from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $63.00.
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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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