Cognex Corporation (CGNX) Shares Bought by Fmr LLC

Fmr LLC raised its stake in Cognex Corporation (NASDAQ:CGNX) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 902,500 shares of the scientific and technical instruments company’s stock after purchasing an additional 16,551 shares during the quarter. Fmr LLC owned about 1.04% of Cognex Corporation worth $76,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Cognex Corporation by 3.5% in the 2nd quarter. BlackRock Inc. now owns 6,887,038 shares of the scientific and technical instruments company’s stock valued at $584,711,000 after purchasing an additional 231,014 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cognex Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,734,216 shares of the scientific and technical instruments company’s stock valued at $571,735,000 after purchasing an additional 159,355 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Cognex Corporation by 126.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,342,312 shares of the scientific and technical instruments company’s stock valued at $198,864,000 after purchasing an additional 1,309,047 shares during the last quarter. State Street Corp boosted its holdings in shares of Cognex Corporation by 3.1% in the 1st quarter. State Street Corp now owns 2,123,233 shares of the scientific and technical instruments company’s stock valued at $178,245,000 after purchasing an additional 63,298 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Cognex Corporation by 21.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,261,312 shares of the scientific and technical instruments company’s stock valued at $107,085,000 after purchasing an additional 221,545 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.

Cognex Corporation (NASDAQ:CGNX) last announced its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. Cognex Corporation had a net margin of 33.10% and a return on equity of 19.51%. The company had revenue of $172.90 million for the quarter, compared to analyst estimates of $169.79 million. During the same quarter in the prior year, the business posted $0.50 EPS. Cognex Corporation’s quarterly revenue was up 17.4% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Cognex Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Cognex Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, July 4th. Cowen and Company restated a “buy” rating and set a $100.00 target price on shares of Cognex Corporation in a report on Tuesday, July 11th. Finally, Wolfe Research assumed coverage on shares of Cognex Corporation in a report on Tuesday, July 11th. They set a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.75.

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In other news, Director Jerry A. Schneider sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $102.67, for a total transaction of $513,350.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $616,020. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Willett sold 25,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $103.37, for a total transaction of $2,584,250.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $2,584,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,750 shares of company stock worth $13,242,726. 5.60% of the stock is currently owned by company insiders.

About Cognex Corporation

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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Institutional Ownership by Quarter for Cognex Corporation (NASDAQ:CGNX)

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