Conestoga Capital Advisors LLC raised its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 65.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,654 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,627 shares during the period. Conestoga Capital Advisors LLC’s holdings in Cognex were worth $713,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Cognex by 101.7% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 1,122,247 shares of the scientific and technical instruments company’s stock worth $68,636,000 after buying an additional 565,975 shares in the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of Cognex by 60.8% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 6,968 shares of the scientific and technical instruments company’s stock worth $426,000 after acquiring an additional 2,634 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Cognex in the 4th quarter worth $1,079,000. GW&K Investment Management LLC grew its holdings in shares of Cognex by 38.9% in the 4th quarter. GW&K Investment Management LLC now owns 473,614 shares of the scientific and technical instruments company’s stock worth $28,966,000 after acquiring an additional 132,562 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Cognex during the fourth quarter valued at $746,000. 45.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Cognex news, Director Patrick Alias sold 5,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $143.54, for a total transaction of $717,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is owned by corporate insiders.
Cognex Co. (NASDAQ:CGNX) traded up $2.88 during midday trading on Wednesday, reaching $58.05. The company had a trading volume of 2,710,000 shares, compared to its average volume of 1,690,000. The company has a market cap of $10,050.00, a price-to-earnings ratio of 42.68 and a beta of 1.44. Cognex Co. has a 1-year low of $34.33 and a 1-year high of $72.99.
A number of research analysts have recently weighed in on CGNX shares. JPMorgan Chase & Co. downgraded Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price target on the stock. in a report on Wednesday, November 8th. Canaccord Genuity lifted their price objective on Cognex from $47.50 to $60.00 and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut Cognex from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine cut Cognex from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, BidaskClub cut Cognex from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Cognex presently has a consensus rating of “Hold” and a consensus 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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