Bank of Nova Scotia bought a new stake in shares of Cognex Co. (NASDAQ:CGNX – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,246 shares of the scientific and technical instruments company’s stock, valued at approximately $247,000.
Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Cognex by 86.6% during the fourth quarter. Allworth Financial LP now owns 793 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 368 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Cognex by 58.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 833 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 308 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Cognex by 136.4% in the third quarter. Quadrant Capital Group LLC now owns 1,248 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 720 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Cognex in the third quarter worth about $68,000. Finally, First Horizon Advisors Inc. grew its stake in Cognex by 25.8% in the third quarter. First Horizon Advisors Inc. now owns 1,955 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 401 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Cognex Price Performance
NASDAQ CGNX opened at $53.71 on Friday. Cognex Co. has a 12 month low of $40.21 and a 12 month high of $58.12. The firm has a market capitalization of $9.27 billion, a PE ratio of 53.71 and a beta of 1.60. The company’s 50 day simple moving average is $49.14 and its 200 day simple moving average is $49.70.
Cognex Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Cognex in a report on Thursday, May 18th. They issued a “hold” rating on the stock. UBS Group raised their target price on shares of Cognex from $48.00 to $52.00 in a report on Friday, May 5th. Cowen cut their target price on shares of Cognex from $50.00 to $48.00 in a report on Friday, February 17th. TheStreet cut shares of Cognex from a “b-” rating to a “c” rating in a report on Friday, May 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $45.00 price target on shares of Cognex in a report on Tuesday, February 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.17.
Insiders Place Their Bets
In other Cognex news, Director Patrick Alias sold 4,375 shares of Cognex stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $49.53, for a total value of $216,693.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.
About Cognex
Cognex Corp. engages in the provision of machine vision products and solutions. Its products include vision sensors, vision systems, 3D vision systems, barcode readers, barcode verifiers, vision software, and vision tools. Its solutions include alignment, dimensioning, item detection, edge intelligence, logistics barcode reading systems and tunnels, water identification, and tire inspection.
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