Deutsche Bank AG Buys New Stake in Cognex Corporation $CGNX

Key Points

• Deutsche Bank acquired 218,784 Cognex shares worth approximately $15.8 million, representing about 0.13% of the company. Institutional investors collectively own 88.12% of Cognex.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $75.64, although some firms have downgraded the stock to “Hold.”
• Cognex exceeded quarterly earnings expectations with $0.45 EPS versus $0.42 anticipated, while revenue increased 16.9% year over year. The company also declared a quarterly dividend of $0.085 per share, yielding approximately 0.6% annually.

Deutsche Bank AG bought a new stake in Cognex Corporation (NASDAQ:CGNX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 218,784 shares of the scientific and technical instruments company's stock, valued at approximately $15,844,000. Deutsche Bank AG owned approximately 0.13% of Cognex as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Michigan Retirement System increased its position in shares of Cognex by 0.5% during the first quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company's stock worth $1,952,000 after purchasing an additional 200 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of Cognex by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company's stock worth $333,000 after purchasing an additional 212 shares in the last quarter. World Investment Advisors boosted its position in shares of Cognex by 3.7% in the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company's stock worth $298,000 after purchasing an additional 214 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Cognex by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company's stock worth $824,000 after buying an additional 234 shares during the last quarter. Finally, Essential Partners LLC grew its stake in Cognex by 12.5% during the 1st quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company's stock worth $105,000 after buying an additional 239 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cognex

In other news, VP Darren Marc Long sold 20,252 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total value of $1,343,517.68. Following the completion of the sale, the vice president directly owned 3,990 shares in the company, valued at $264,696.60. This represents a 83.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on CGNX. Needham & Company LLC increased their price target on Cognex from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Cognex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 16th. HSBC lowered shares of Cognex from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a research report on Monday, August 10th. Sanford C. Bernstein reissued an "outperform" rating and set a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. Finally, DA Davidson set a $65.00 price objective on shares of 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 issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.64.

Cognex Stock Up 1.4%

CGNX stock opened at $60.54 on Friday. The stock has a market capitalization of $10.18 billion, a P/E ratio of 58.78 and a beta of 1.49. The firm has a 50-day simple moving average of $64.92 and a 200-day simple moving average of $58.76. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS 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 earned $0.25 earnings per share. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. 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, analysts expect that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. Cognex's dividend payout ratio is presently 33.01%.

Cognex Profile

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.

Want to see what other hedge funds are holding CGNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognex Corporation (NASDAQ:CGNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.