Nomura Holdings Inc. bought a new position in Cognex Co. (NASDAQ:CGNX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 22,758 shares of the scientific and technical instruments company's stock, valued at approximately $816,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CGNX. SBI Securities Co. Ltd. purchased a new stake in Cognex in the 4th quarter valued at about $29,000. SRS Capital Advisors Inc. increased its stake in Cognex by 50.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company's stock valued at $32,000 after buying an additional 295 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Cognex by 129.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 569 shares during the last quarter. Principal Securities Inc. increased its stake in Cognex by 50.2% in the 4th quarter. Principal Securities Inc. now owns 1,047 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 350 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in Cognex by 30.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.
Cognex Trading Down 1.9%
CGNX opened at $30.99 on Tuesday. The company has a 50 day moving average of $28.01 and a 200 day moving average of $34.18. The company has a market cap of $5.20 billion, a PE ratio of 50.80 and a beta of 1.45. Cognex Co. has a 12 month low of $22.67 and a 12 month high of $53.13.
Cognex Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, May 15th. Cognex's dividend payout ratio (DPR) is presently 47.06%.
Insider Buying and Selling
In other Cognex news, EVP Carl Gerst sold 6,803 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $32.73, for a total value of $222,662.19. Following the completion of the transaction, the executive vice president now directly owns 4,566 shares of the company's stock, valued at $149,445.18. This trade represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
CGNX has been the subject of several analyst reports. HSBC lowered shares of Cognex from a "buy" rating to a "hold" rating and set a $33.00 price objective for the company. in a research note on Friday, February 21st. Cowen upgraded shares of Cognex from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. Citigroup decreased their price objective on shares of Cognex from $37.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stephens reissued an "overweight" rating and set a $55.00 target price on shares of Cognex in a research report on Wednesday, March 12th. Finally, DA Davidson reduced their target price on shares of Cognex from $35.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.17.
Get Our Latest Report on Cognex
Cognex Company Profile
(
Free Report)
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.
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