Cognex Co. (NASDAQ:CGNX) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Cognex Co. (NASDAQ:CGNX) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,247 shares of the scientific and technical instruments company’s stock after buying an additional 18,943 shares during the period. Sei Investments Co. owned 0.13% of Cognex worth $10,673,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Cognex by 94.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 589 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 286 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Cognex by 303.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 770 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 579 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of Cognex by 1,239.7% during the first quarter. Rise Advisors LLC now owns 777 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 719 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cognex by 276.1% during the second quarter. GAMMA Investing LLC now owns 1,087 shares of the scientific and technical instruments company’s stock worth $51,000 after buying an additional 798 shares during the last quarter. Finally, Signaturefd LLC increased its position in Cognex by 43.2% in the 2nd quarter. Signaturefd LLC now owns 1,704 shares of the scientific and technical instruments company’s stock valued at $80,000 after acquiring an additional 514 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Cognex Stock Performance

Cognex stock opened at $40.27 on Friday. Cognex Co. has a fifty-two week low of $34.28 and a fifty-two week high of $53.13. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 69.43 and a beta of 1.41. The stock’s fifty day moving average is $40.70 and its two-hundred day moving average is $43.18.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Cognex had a net margin of 9.29% and a return on equity of 4.97%. The firm had revenue of $239.00 million during the quarter, compared to the consensus estimate of $240.33 million. During the same period last year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cognex Co. will post 0.44 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 15th. Cognex’s dividend payout ratio (DPR) is presently 51.72%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CGNX shares. Needham & Company LLC lifted their target price on Cognex from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Vertical Research started coverage on shares of Cognex in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $58.00 price objective on the stock. StockNews.com upgraded shares of Cognex from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Truist Financial reduced their target price on shares of Cognex from $55.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, DA Davidson cut their price target on shares of Cognex from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.62.

Insider Buying and Selling at Cognex

In other Cognex news, CFO Dennis Fehr purchased 6,570 shares of Cognex stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $38.04 per share, with a total value of $249,922.80. Following the completion of the acquisition, the chief financial officer now directly owns 6,570 shares of the company’s stock, valued at $249,922.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Cognex news, CFO Dennis Fehr purchased 6,570 shares of Cognex stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $38.04 per share, with a total value of $249,922.80. Following the completion of the acquisition, the chief financial officer now directly owns 6,570 shares of the company’s stock, valued at $249,922.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dianne M. Parrotte purchased 2,000 shares of Cognex stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $38.62 per share, for a total transaction of $77,240.00. Following the acquisition, the director now directly owns 11,340 shares of the company’s stock, valued at $437,950.80. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

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.