Cognex Corporation $CGNX Shares Purchased by Tredje AP fonden

Tredje AP fonden increased its holdings in shares of Cognex Corporation (NASDAQ:CGNX) by 40.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 529,637 shares of the scientific and technical instruments company’s stock after purchasing an additional 152,487 shares during the quarter. Tredje AP fonden owned 0.32% of Cognex worth $16,800,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGNX. Nordea Investment Management AB increased its position in Cognex by 148.5% during the 2nd quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock worth $223,594,000 after purchasing an additional 4,228,729 shares in the last quarter. Mackenzie Financial Corp increased its position in Cognex by 126.2% during the 1st quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company’s stock worth $137,510,000 after purchasing an additional 2,571,457 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Cognex by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company’s stock valued at $181,436,000 after acquiring an additional 1,474,832 shares in the last quarter. ING Groep NV acquired a new stake in Cognex in the first quarter valued at approximately $22,191,000. Finally, Price T Rowe Associates Inc. MD grew its position in Cognex by 34.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,539,557 shares of the scientific and technical instruments company’s stock valued at $75,756,000 after acquiring an additional 647,955 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Buying and Selling at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $45.00, for a total transaction of $90,090.00. Following the transaction, the executive vice president directly owned 8,582 shares in the company, valued at $386,190. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Willett sold 6,704 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $49.51, for a total value of $331,915.04. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,706 shares of company stock worth $512,065 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating and issued a $37.00 price objective (up previously from $30.00) on shares of Cognex in a research report on Monday, July 14th. The Goldman Sachs Group increased their price objective on shares of Cognex from $36.00 to $40.00 and gave the company a “sell” rating in a research report on Tuesday, September 16th. DA Davidson increased their price objective on shares of Cognex from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Barclays reaffirmed an “overweight” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Cognex in a research report on Friday. Finally, Melius raised shares of Cognex from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cognex presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Cognex Trading Up 0.2%

Cognex stock opened at $41.39 on Friday. The stock has a market cap of $6.95 billion, a P/E ratio of 64.67 and a beta of 1.50. The stock has a 50 day moving average of $45.30 and a 200-day moving average of $37.06. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $49.76.

Cognex (NASDAQ:CGNX) last released its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $276.89 million during the quarter, compared to analysts’ expectations of $261.86 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. As a group, equities analysts predict that Cognex Corporation will post 0.61 earnings per share for the current fiscal year.

Cognex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 0.8%. This is a boost from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 13th. Cognex’s dividend payout ratio (DPR) is 50.00%.

Cognex Profile

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.