Cognex Corporation (CGNX) : Trimtabs Asset Management reduced its stake in Cognex Corporation by 16.86% during the most recent quarter end. The investment management company now holds a total of 42,029 shares of Cognex Corporation which is valued at $2,040,088 after selling 8,525 shares in Cognex Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Cognex Corporation makes up approximately 1.27% of Trimtabs Asset Management’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CGNX by selling 13,355 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 171,759 shares of CGNX which is valued at $8,337,182. Cognex Corporation makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in CGNX by selling 2,371 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 272,168 shares of CGNX which is valued at $12,293,829. Cognex Corporation makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.Louisiana State Employees Retirement System reduced its stake in CGNX by selling 900 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 22,600 shares of CGNX which is valued at $1,013,836. Cognex Corporation makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Financial Architects Inc boosted its stake in CGNX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 414 shares of Cognex Corporation which is valued at $18,572. Cognex Corporation makes up approx 0.01% of Financial Architects Inc’s portfolio.Harding Loevner Lp reduced its stake in CGNX by selling 10,268 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 2,999,745 shares of CGNX which is valued at $130,368,918. Cognex Corporation makes up approx 0.98% of Harding Loevner Lp’s portfolio.
Cognex Corporation opened for trading at $48.44 and hit $49.025 on the upside on Thursday, eventually ending the session at $48.79, with a gain of 0.52% or 0.25 points. The heightened volatility saw the trading volume jump to 4,28,814 shares. Company has a market cap of $4,150 M.
On the company’s financial health, Cognex Corporation reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.44. The company had revenue of $147.30 million for the quarter, compared to analysts expectations of $138.11 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Cognex Corporation. Company shares were Reiterated by Needham on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $42 .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.
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.