California State Teachers Retirement System Trims Stock Position in Cognex Corporation $CGNX

California State Teachers Retirement System trimmed its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,765 shares of the scientific and technical instruments company's stock after selling 213 shares during the period. California State Teachers Retirement System owned 0.12% of Cognex worth $14,032,461 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CGNX. BlackRock Inc. bought a new stake in shares of Cognex during the second quarter valued at approximately $1,158,123,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cognex by 173,138.2% in the fourth 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. Geode Capital Management LLC grew 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 buying an additional 842,783 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Cognex by 81.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company's stock valued at $130,320,000 after purchasing an additional 1,190,434 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in Cognex in the second quarter worth $161,425,000. 88.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays reaffirmed an "overweight" rating and set a $80.00 price target (up from $75.00) on shares of Cognex in a research note on Monday, August 10th. Truist Financial increased their price target on shares of Cognex from $71.00 to $78.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Needham & Company LLC restated a "buy" rating and set a $80.00 target price on shares of Cognex in a report on Tuesday. Zacks Research upgraded shares of Cognex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen lowered Cognex from a "buy" rating to a "hold" rating in a report on Sunday. 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. Based on data from MarketBeat, Cognex currently has an average rating of "Moderate Buy" and an average price target of $75.64.

Cognex Stock Down 1.9%

Shares of CGNX stock traded down $1.15 during trading on Tuesday, hitting $58.75. The company had a trading volume of 1,067,839 shares, compared to its average volume of 2,170,388. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 57.11 and a beta of 1.49. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The stock's 50-day moving average is $63.04 and its two-hundred day moving average is $60.08.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The company had revenue of $291.26 million during the quarter, compared to analyst estimates of $292.10 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm'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. On average, research analysts predict that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex's dividend payout ratio (DPR) is presently 33.01%.

Cognex Company Profile

Cognex Corporation NASDAQ: CGNX develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.

The company's product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.

Founded in 1981 by Robert J.

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