Quantbot Technologies LP Buys 54,438 Shares of Cognex Corporation $CGNX

Quantbot Technologies LP boosted its stake in Cognex Corporation (NASDAQ:CGNX) by 99.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 109,347 shares of the scientific and technical instruments company’s stock after acquiring an additional 54,438 shares during the quarter. Quantbot Technologies LP’s holdings in Cognex were worth $3,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CGNX. M&T Bank Corp boosted its holdings in shares of Cognex by 6.0% during the 2nd quarter. M&T Bank Corp now owns 40,142 shares of the scientific and technical instruments company’s stock valued at $1,274,000 after acquiring an additional 2,264 shares in the last quarter. Edgestream Partners L.P. raised its position in Cognex by 485.1% in the second quarter. Edgestream Partners L.P. now owns 208,368 shares of the scientific and technical instruments company’s stock valued at $6,609,000 after purchasing an additional 172,755 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Cognex by 3.0% during the second quarter. New York State Common Retirement Fund now owns 737,531 shares of the scientific and technical instruments company’s stock valued at $23,394,000 after purchasing an additional 21,566 shares in the last quarter. Norges Bank bought a new stake in shares of Cognex during the second quarter worth about $38,889,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cognex by 12.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the scientific and technical instruments company’s stock worth $68,000 after purchasing an additional 243 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the transaction, the executive vice president owned 6,582 shares in the company, valued at approximately $296,387.46. This represents a 23.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Willett sold 6,704 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $49.51, for a total value of $331,915.04. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by corporate insiders.

Cognex Stock Up 3.2%

Shares of NASDAQ CGNX opened at $38.90 on Friday. The company has a market capitalization of $6.52 billion, a PE ratio of 60.78 and a beta of 1.53. Cognex Corporation has a twelve month low of $22.67 and a twelve month high of $49.76. The firm has a fifty day simple moving average of $42.09 and a 200 day simple moving average of $38.73.

Cognex (NASDAQ:CGNX) last announced its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $264.00 million for the quarter, compared to analyst estimates of $261.86 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. As a group, equities analysts expect that Cognex Corporation will post 0.61 earnings per share for the current fiscal year.

Cognex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 0.9%. This is an increase from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, November 13th. Cognex’s payout ratio is presently 53.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group reiterated a “buy” rating and set a $58.00 target price on shares of Cognex in a research report on Friday, October 31st. The Goldman Sachs Group lifted their price target on shares of Cognex from $36.00 to $40.00 and gave the stock a “sell” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $35.00 price objective (down from $45.00) on shares of Cognex in a report on Wednesday. DA Davidson set a $38.00 target price on Cognex and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Needham & Company LLC upped their price target on Cognex from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.53.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.