Trexquant Investment LP Has $4.25 Million Stake in Cognex Co. (CGNX)

Trexquant Investment LP grew its stake in Cognex Co. (NASDAQ:CGNX) by 2,361.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,488 shares of the scientific and technical instruments company’s stock after purchasing an additional 66,665 shares during the period. Cognex makes up about 0.5% of Trexquant Investment LP’s portfolio, making the stock its 14th biggest position. Trexquant Investment LP’s holdings in Cognex were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of Cognex by 2.4% during the 2nd quarter. Stifel Financial Corp now owns 15,563 shares of the scientific and technical instruments company’s stock worth $1,316,000 after acquiring an additional 364 shares during the last quarter. AHL Partners LLP lifted its stake in shares of Cognex by 0.8% during the 2nd quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 23 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Cognex by 34.6% during the 2nd quarter. Royal Bank of Canada now owns 40,829 shares of the scientific and technical instruments company’s stock worth $3,466,000 after acquiring an additional 10,496 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Cognex by 99.9% during the 2nd quarter. Macquarie Group Ltd. now owns 75,903 shares of the scientific and technical instruments company’s stock worth $6,444,000 after acquiring an additional 37,938 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Cognex by 2.2% during the 2nd quarter. State Street Corp now owns 2,169,073 shares of the scientific and technical instruments company’s stock worth $184,153,000 after acquiring an additional 45,840 shares during the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Shares of Cognex Co. (NASDAQ:CGNX) traded up $2.88 during midday trading on Thursday, reaching $58.05. The company’s stock had a trading volume of 2,709,700 shares, compared to its average volume of 1,672,743. The company has a market cap of $9,553.96, a price-to-earnings ratio of 42.77 and a beta of 1.44. Cognex Co. has a 1-year low of $34.59 and a 1-year high of $72.99.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.31%. Cognex’s dividend payout ratio (DPR) is presently 13.28%.

CGNX has been the subject of a number of research analyst reports. Zacks Investment Research lowered Cognex from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub lowered Cognex from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lowered Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price target for the company. in a research note on Wednesday, November 8th. ValuEngine lowered Cognex from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Robert W. Baird raised their price target on Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Three equities research 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. The stock currently has an average rating of “Hold” and a consensus price target of $63.00.

In other Cognex news, Director Patrick Alias sold 5,000 shares of Cognex 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

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About Cognex

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 (NASDAQ:CGNX)

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