1 week Ago By ABMN Staff
California Public Employees Retirement System raised its stake in shares of Cognex Co. ( NASDAQ:CGNX – Free Report ) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 243,098 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,662 shares during the quarter. California Public Employees Retirement System owned about 0.14% of Cognex worth $8,717,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Cognex in the 4th quarter valued at $5,742,000. QSV Equity Investors LLC acquired a new position in shares of Cognex in the fourth quarter valued at about $1,296,000.
Pictet Asset Management Holding SA raised its stake in shares of Cognex by 13.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,820,394 shares of the scientific and technical instruments company’s stock worth $136,999,000 after purchasing an additional 461,724 shares during the last quarter.
Norges Bank acquired a new stake in shares of Cognex during the fourth quarter worth about $46,299,000. Finally, Vanguard Group Inc. boosted its position in Cognex by 1.
6% in the fourth quarter. Vanguard Group Inc. now owns 18,479,828 shares of the scientific and technical instruments company’s stock valued at $662,687,000 after buying an additional 296,251 shares during the last quarter.
Hedge funds and other institutional investors own 88.12% of the company’s stock. Insider Activity In other news, EVP Carl Gerst sold 6,803 shares of the stock in a transaction dated Monday, February 24th.
The shares were sold at an average price of $32.73, for a total value of $222,662.19.
Following the completion of the sale, the executive vice president now directly owns 4,566 shares in the company, valued at $149,445.18. This represents a 59.
84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Company insiders own 1.
60% of the company’s stock. Analysts Set New Price Targets View Our Latest Stock Report on Cognex Cognex Stock Performance Cognex stock opened at $24.95 on Monday.
The company’s fifty day moving average price is $33.65 and its 200 day moving average price is $37.14.
The stock has a market capitalization of $4.23 billion, a P/E ratio of 40.90 and a beta of 1.
56. Cognex Co. has a 1 year low of $24.
48 and a 1 year high of $53.13. Cognex ( NASDAQ:CGNX – Get Free Report ) last announced its earnings results on Wednesday, February 12th.
The scientific and technical instruments company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.
01). Cognex had a net margin of 11.61% and a return on equity of 5.
65%. Sell-side analysts predict that Cognex Co. will post 0.
61 EPS for the current year. Cognex Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.
08 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 1.28%. Cognex’s payout ratio is currently 52.
46%. About Cognex ( Free Report ) 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.
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