Algert Global LLC Has $4.44 Million Stock Holdings in Cognex Corporation $CGNX

Key Points

• Algert Global cut its Cognex stake by 53.2% in the second quarter, selling 69,860 shares and retaining 61,337 shares valued at approximately $4.44 million. Institutional investors collectively own 88.12% of Cognex.
• Cognex reported quarterly EPS of $0.45, beating estimates of $0.42, while revenue rose 16.9% year over year to $291.26 million. The company issued fiscal 2026 EPS guidance of $1.64–$1.68.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $75.64 versus the stock’s recent $62.97 price. Cognex also declared a quarterly dividend of $0.085 per share.

Algert Global LLC reduced its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 53.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,337 shares of the scientific and technical instruments company's stock after selling 69,860 shares during the period. Algert Global LLC's holdings in Cognex were worth $4,442,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Cognex during the second quarter worth $1,158,123,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cognex by 173,138.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company's stock worth $376,979,000 after purchasing an additional 10,471,400 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cognex by 31.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,314,896 shares of the scientific and technical instruments company's stock worth $191,231,000 after purchasing an additional 1,258,629 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Cognex by 0.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company's stock valued at $151,264,000 after purchasing an additional 40,927 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Cognex by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 3,950,299 shares of the scientific and technical instruments company's stock valued at $142,154,000 after purchasing an additional 842,783 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

Cognex Stock Up 2.0%

CGNX stock opened at $62.97 on Friday. Cognex Corporation has a twelve month low of $34.60 and a twelve month high of $72.88. The company has a market cap of $10.59 billion, a P/E ratio of 61.14 and a beta of 1.49. The business has a fifty day moving average of $64.54 and a 200-day moving average of $59.45.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm had revenue of $291.26 million during the quarter, compared to analysts' expectations of $292.10 million. During the same period in the previous year, the business posted $0.25 EPS. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, equities research analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.5%. Cognex's dividend payout ratio (DPR) is presently 33.01%.

Analyst Upgrades and Downgrades

CGNX has been the topic of a number of research analyst reports. Truist Financial increased their price target on Cognex from $71.00 to $78.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. Weiss Ratings upgraded Cognex from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Needham & Company LLC boosted their price objective on Cognex from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Barclays restated an "overweight" rating and set a $80.00 target price (up from $75.00) on shares of Cognex in a report on Monday, August 10th. Finally, Seaport Research Partners set a $75.00 price target on Cognex in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.64.

About Cognex

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company's product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.

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