Cognex Co. (NASDAQ:CGNX) Stock Holdings Boosted by Kopion Asset Management LLC

Kopion Asset Management LLC raised its holdings in Cognex Co. (NASDAQ:CGNX - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 244,302 shares of the scientific and technical instruments company's stock after purchasing an additional 53,684 shares during the quarter. Cognex accounts for approximately 5.7% of Kopion Asset Management LLC's investment portfolio, making the stock its 9th biggest holding. Kopion Asset Management LLC owned 0.14% of Cognex worth $7,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGNX. Janney Montgomery Scott LLC increased its holdings in shares of Cognex by 35.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,469 shares of the scientific and technical instruments company's stock valued at $913,000 after purchasing an additional 6,656 shares in the last quarter. Blue Trust Inc. increased its holdings in Cognex by 47.4% in the fourth quarter. Blue Trust Inc. now owns 3,201 shares of the scientific and technical instruments company's stock valued at $115,000 after buying an additional 1,030 shares in the last quarter. KBC Group NV raised its position in shares of Cognex by 1.5% in the fourth quarter. KBC Group NV now owns 177,246 shares of the scientific and technical instruments company's stock worth $6,356,000 after acquiring an additional 2,614 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Cognex by 1.7% during the 4th quarter. Pacer Advisors Inc. now owns 25,685 shares of the scientific and technical instruments company's stock worth $921,000 after acquiring an additional 422 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of Cognex by 14.9% during the 4th quarter. Perigon Wealth Management LLC now owns 11,185 shares of the scientific and technical instruments company's stock valued at $440,000 after acquiring an additional 1,448 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. DA Davidson reduced their price target on Cognex from $35.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Truist Financial reduced their price objective on shares of Cognex from $37.00 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of Cognex from $56.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Citigroup cut their price objective on Cognex from $37.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC decreased their target price on Cognex from $41.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.17.

Cognex Trading Down 1.7%

NASDAQ CGNX traded down $0.53 on Wednesday, reaching $30.00. 785,072 shares of the company were exchanged, compared to its average volume of 1,578,930. The business's fifty day moving average price is $27.76 and its 200 day moving average price is $33.36. The stock has a market capitalization of $5.04 billion, a P/E ratio of 49.18 and a beta of 1.45. Cognex Co. has a fifty-two week low of $22.67 and a fifty-two week high of $53.13.

Cognex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, May 15th. Cognex's dividend payout ratio 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.