2 days Ago By ABMN Staff
Russell Investments Group Ltd. increased its stake in Cognex Co. ( NASDAQ:CGNX – Free Report ) by 14.
5% during the 4th quarter, Holdings Channel reports. The fund owned 98,537 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,488 shares during the quarter. Russell Investments Group Ltd.
’s holdings in Cognex were worth $3,534,000 as of its most recent SEC filing. A number of other hedge funds also recently bought and sold shares of the stock. Stifel Financial Corp boosted its stake in Cognex by 23.
8% during the 3rd quarter. Stifel Financial Corp now owns 71,002 shares of the scientific and technical instruments company’s stock worth $2,876,000 after purchasing an additional 13,643 shares during the period. Jane Street Group LLC lifted its stake in Cognex by 8.
2% in the 3rd quarter. Jane Street Group LLC now owns 70,028 shares of the scientific and technical instruments company’s stock valued at $2,836,000 after buying an additional 5,280 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Cognex by 4.
0% during the third quarter. MML Investors Services LLC now owns 12,491 shares of the scientific and technical instruments company’s stock worth $506,000 after buying an additional 478 shares in the last quarter. Virtu Financial LLC acquired a new position in Cognex in the third quarter valued at $790,000.
Finally, Sanctuary Advisors LLC purchased a new position in shares of Cognex in the 3rd quarter worth about $463,000. Institutional investors and hedge funds own 88.12% of the company’s stock.
Cognex Trading Down 1.9 % Cognex stock opened at $23.55 on Thursday.
The company has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $36.12.
Cognex Co. has a 1-year low of $22.67 and a 1-year high of $53.
13. The company has a market cap of $3.99 billion, a P/E ratio of 38.
61 and a beta of 1.56. Cognex Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th.
Shareholders of record on Thursday, February 27th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 27th.
This represents a $0.32 annualized dividend and a yield of 1.36%.
Cognex’s dividend payout ratio (DPR) is presently 52.46%. Analyst Ratings Changes CGNX has been the topic of a number of research reports.
UBS Group dropped their price target on Cognex from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th.
Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Cognex in a research report on Wednesday, March 12th. Robert W.
Baird cut their target price on shares of Cognex from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th.
HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Friday, February 21st.
Finally, Hsbc Global Res cut shares of Cognex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, Cognex currently has a consensus rating of “Hold” and an average price target of $42.83. Get Our Latest Stock Analysis on Cognex Insider Transactions at Cognex In other news, EVP Carl Gerst sold 6,803 shares of the firm’s stock in a transaction that occurred on Monday, February 24th.
The shares were sold at an average price of $32.73, for a total transaction of $222,662.19.
Following the transaction, the executive vice president now directly owns 4,566 shares of the company’s stock, valued at approximately $149,445.18. This trade represents a 59.
84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Corporate insiders own 1.
60% of the company’s stock. Cognex Company Profile ( 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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