Cognex Corporation (CGNX) : Harding Loevner Lp reduced its stake in Cognex Corporation by 0.34% during the most recent quarter end. The investment management company now holds a total of 2,999,745 shares of Cognex Corporation which is valued at $130,368,918 after selling 10,268 shares in Cognex Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Cognex Corporation makes up approximately 0.98% of Harding Loevner Lp’s portfolio.
Other Hedge Funds, Including , Mai Capital Management reduced its stake in CGNX by selling 635 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 19,990 shares of CGNX which is valued at $868,765. Cognex Corporation makes up approx 0.07% of Mai Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in CGNX in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 8,682 shares of Cognex Corporation which is valued at $378,796. Cognex Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in CGNX in the latest quarter, The investment management firm added 40,662 additional shares and now holds a total of 522,230 shares of Cognex Corporation which is valued at $22,309,666. Cognex Corporation makes up approx 0.12% of Chevy Chase Trust Holdings’s portfolio.
Cognex Corporation opened for trading at $43.5 and hit $43.67 on the upside on Monday, eventually ending the session at $43.46, with a gain of 0.21% or 0.09 points. The heightened volatility saw the trading volume jump to 1,82,239 shares. Company has a market cap of $3,696 M.
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. Canaccord Genuity Downgraded Cognex Corporation on Jun 14, 2016 to ” Hold”, Price Target of the shares are set at $45.Cognex Corporation was Initiated by Bernstein to “Mkt Perform” on Jun 6, 2016. FBR Capital Initiated Cognex Corporation on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $42.
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.