American Capital Management Inc buys $37,414,511 stake in Cognex Corporation (CGNX)

Cognex Corporation (CGNX) : American Capital Management Inc scooped up 55,335 additional shares in Cognex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 1,053,040 shares of Cognex Corporation which is valued at $37,414,511.Cognex Corporation makes up approximately 3.39% of American Capital Management Inc’s portfolio.

Cognex Corporation closed down -0.32 points or -0.90% at $35.21 with 7,55,510 shares getting traded on Monday. Post opening the session at $35.53, the shares hit an intraday low of $35.15 and an intraday high of $35.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in CGNX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 23,500 shares of Cognex Corporation which is valued at $834,955. Cognex Corporation makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Metlife Securities Inc boosted its stake in CGNX in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 517 shares of Cognex Corporation which is valued at $19,434.New York State Teachers Retirement System reduced its stake in CGNX by selling 3,310 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 157,628 shares of CGNX which is valued at $5,925,237. Cognex Corporation makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Independent Portfolio Consultants reduced its stake in CGNX by selling 190 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 570 shares of CGNX which is valued at $21,877. Cognex Corporation makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Endurance Wealth Management sold out all of its stake in CGNX during the most recent quarter. The investment firm sold 600 shares of CGNX which is valued $23,028.

On the company’s financial health, Cognex Corporation reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $96.20 million for the quarter, compared to analysts expectations of $93.14 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Cognex Corporation. Company shares were Reiterated by Canaccord Genuity on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Cognex Corporation was Downgraded by Credit Agricole to ” Underperform” on Mar 24, 2016. Cognex Corporation was Downgraded by Raymond James to ” Mkt Perform” on Mar 11, 2016.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Company’s products include barcode readers machine vision sensors and machine vision systems that are used in factories warehouses and distribution centers around the world. MVSD develops manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items such as cellular phones aspirin bottles and automobile wheels during the manufacturing or distribution process. The Company’s registered marks include Cognex VisionPro In-Sight Checker and DataMan among others.

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