FNY Investment Advisers LLC Buys 2,692 Shares of Cognex Co. (NASDAQ:CGNX)

FNY Investment Advisers LLC grew its position in Cognex Co. (NASDAQ:CGNX) by 1,818.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,840 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,692 shares during the quarter. FNY Investment Advisers LLC’s holdings in Cognex were worth $101,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGNX. Point72 Asset Management L.P. increased its holdings in Cognex by 122.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,834,755 shares of the scientific and technical instruments company’s stock worth $114,808,000 after purchasing an additional 1,562,115 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Cognex by 116.0% during the third quarter. Ceredex Value Advisors LLC now owns 789,550 shares of the scientific and technical instruments company’s stock valued at $31,977,000 after purchasing an additional 423,950 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cognex by 33.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,621,629 shares of the scientific and technical instruments company’s stock worth $75,828,000 after purchasing an additional 409,502 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Cognex by 91.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 642,737 shares of the scientific and technical instruments company’s stock valued at $26,031,000 after buying an additional 307,018 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its holdings in Cognex by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 3,751,807 shares of the scientific and technical instruments company’s stock valued at $151,948,000 after buying an additional 305,913 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Cognex Stock Performance

Shares of CGNX stock opened at $38.57 on Wednesday. The company has a market cap of $6.62 billion, a P/E ratio of 74.17 and a beta of 1.40. Cognex Co. has a fifty-two week low of $34.79 and a fifty-two week high of $53.13. The stock has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $40.61.

Cognex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Cognex’s previous quarterly dividend of $0.08. Cognex’s payout ratio is presently 61.54%.

Insider Buying and Selling

In related news, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the completion of the sale, the director now owns 26,608 shares of the company’s stock, valued at approximately $1,065,118.24. This trade represents a 49.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Joerg Kuechen sold 2,934 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial reduced their target price on shares of Cognex from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Needham & Company LLC cut their price target on shares of Cognex from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Stephens restated an “overweight” rating and issued a $55.00 price objective on shares of Cognex in a report on Thursday, January 2nd. Citigroup cut their target price on Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Cantor Fitzgerald raised Cognex to a “strong-buy” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cognex has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.