Cognex Corporation $CGNX Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Cognex position by 10.2% in the second quarter, bringing its holdings to 286,579 shares worth approximately $20.8 million. Institutional investors and hedge funds collectively own 88.12% of CGNX.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $75.64. Recent targets ranged from $65 to $84.
• Cognex reported quarterly EPS of $0.45, beating estimates by $0.03, while revenue rose 16.9% year over year to $291.26 million. The company also pays a quarterly dividend of $0.085, or $0.34 annually, yielding approximately 0.6%.

Corient Private Wealth LP lifted its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,579 shares of the scientific and technical instruments company's stock after acquiring an additional 26,594 shares during the quarter. Corient Private Wealth LP owned 0.17% of Cognex worth $20,754,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CGNX. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cognex in the 2nd quarter valued at about $804,000. California State Teachers Retirement System lifted its position in shares of Cognex by 7,134.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,032,461 shares of the scientific and technical instruments company's stock valued at $1,016,231,000 after buying an additional 13,838,483 shares in the last quarter. Wedmont Private Capital acquired a new stake in Cognex in the 2nd quarter valued at $322,000. HB Wealth Management LLC acquired a new stake in Cognex in the 2nd quarter valued at $263,000. Finally, Strive Financial Group LLC increased its holdings in Cognex by 505.4% in the 2nd quarter. Strive Financial Group LLC now owns 1,889 shares of the scientific and technical instruments company's stock worth $137,000 after acquiring an additional 1,577 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CGNX. UBS Group set a $75.00 price objective on shares of Cognex in a research report on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on shares of Cognex from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Barclays reiterated an "overweight" rating and set a $80.00 price objective (up from $75.00) on shares of Cognex in a research note on Monday, August 10th. Zacks Research upgraded Cognex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 16th. Finally, DA Davidson set a $65.00 price target on Cognex and gave the stock a "neutral" rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.64.

Cognex Trading Down 6.7%

Shares of CGNX stock opened at $59.90 on Tuesday. The company's 50-day moving average price is $63.04 and its 200-day moving average price is $60.08. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 58.16 and a beta of 1.49. Cognex Corporation has a twelve month low of $34.60 and a twelve month high of $72.88.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. The firm had revenue of $291.26 million during the quarter, compared to analyst estimates of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. Cognex's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. 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 predict that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Dividend Announcement

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

About Cognex

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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