12,368 Shares in Cognex Corporation (NASDAQ:CGNX) Purchased by Brown Advisory Inc.

Brown Advisory Inc. bought a new position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,368 shares of the scientific and technical instruments company's stock, valued at approximately $369,000.

A number of other large investors have also recently added to or reduced their stakes in CGNX. Teacher Retirement System of Texas boosted its position in shares of Cognex by 51.3% in the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company's stock valued at $1,451,000 after acquiring an additional 16,489 shares during the period. GAMMA Investing LLC boosted its position in shares of Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after acquiring an additional 646 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Cognex by 7.4% in the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock valued at $230,000 after acquiring an additional 532 shares during the period. Swiss National Bank boosted its position in shares of Cognex by 0.7% in the fourth quarter. Swiss National Bank now owns 337,300 shares of the scientific and technical instruments company's stock valued at $12,096,000 after acquiring an additional 2,200 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Cognex by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 457,636 shares of the scientific and technical instruments company's stock valued at $16,411,000 after acquiring an additional 14,396 shares during the period. Institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CGNX shares. The Goldman Sachs Group upped their target price on Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, June 12th. Melius upgraded Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Thursday, July 10th. Cowen upgraded Cognex from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. DA Davidson restated a "neutral" rating and issued a $32.00 target price on shares of Cognex in a research note on Monday, June 16th. Finally, Robert W. Baird increased their price objective on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.62.

Cognex Price Performance

Shares of NASDAQ:CGNX traded up $0.10 during midday trading on Wednesday, reaching $33.32. The company's stock had a trading volume of 1,206,093 shares, compared to its average volume of 1,653,572. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $53.13. The company has a market capitalization of $5.59 billion, a P/E ratio of 49.00 and a beta of 1.47. The business's fifty day simple moving average is $31.07 and its 200-day simple moving average is $31.97.

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.96%. Cognex's dividend payout ratio (DPR) is presently 47.06%.

Cognex Company 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.