Royce Associates Lp Lowers stake in Cognex Corporation (CGNX)

Cognex Corporation (CGNX) : Royce Associates Lp reduced its stake in Cognex Corporation by 0.45% during the most recent quarter end. The investment management company now holds a total of 2,657,409 shares of Cognex Corporation which is valued at $152,056,943 after selling 12,100 shares in Cognex Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cognex Corporation makes up approximately 0.95% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in CGNX by selling 127,419 shares or 35.43% in the most recent quarter. The Hedge Fund company now holds 232,176 shares of CGNX which is valued at $13,285,111. Cognex Corporation makes up approx 0.25% of Kennedy Capital Management’s portfolio.Finemark National Bank Trust boosted its stake in CGNX in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 1,554 shares of Cognex Corporation which is valued at $83,823. Cognex Corporation makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Advisor Group boosted its stake in CGNX in the latest quarter, The investment management firm added 1,235 additional shares and now holds a total of 5,607 shares of Cognex Corporation which is valued at $309,619. Cognex Corporation makes up approx 0.01% of Advisor Group’s portfolio.Commerce Bank boosted its stake in CGNX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 14,346 shares of Cognex Corporation which is valued at $714,861. Cognex Corporation makes up approx 0.01% of Commerce Bank’s portfolio.

Cognex Corporation closed down -0.16 points or -0.27% at $58.85 with 9,06,042 shares getting traded on Monday. Post opening the session at $58.85, the shares hit an intraday low of $58.41 and an intraday high of $59.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cognex Corporation reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.48. The company had revenue of $147.95 million for the quarter, compared to analysts expectations of $145.75 million. The company’s revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Investors should note that on Oct 31, 2016, Cognex Corporation announced a cash dividend of $0.0750. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 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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