Worth Watching: Cognex Corporation on Focus After Raising In Today’s Session

Worth Watching: Cognex Corporation on Focus After Raising In Today's Session

The stock of Cognex Corporation (NASDAQ:CGNX) is a huge mover today! About 373,512 shares traded hands. Cognex Corporation (NASDAQ:CGNX) has risen 37.11% since April 5, 2016 and is uptrending. It has outperformed by 35.15% the S&P500.
The move comes after 9 months positive chart setup for the $4.60B company. It was reported on Nov, 7 by Barchart.com. We have $65.35 PT which if reached, will make NASDAQ:CGNX worth $966.00 million more.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Out of 10 analysts covering Cognex Corporation (NASDAQ:CGNX), 3 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 30% are positive. Cognex Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Bernstein initiated the shares of CGNX in a report on Monday, June 6 with “Market Perform” rating. The rating was maintained by Needham with “Buy” on Tuesday, August 4. FBR Capital initiated it with “Mkt Perform” rating and $35 target price in Wednesday, November 11 report. The rating was maintained by CLSA with “Underperform” on Tuesday, August 2. The stock of Cognex Corporation (NASDAQ:CGNX) has “Hold” rating given on Tuesday, August 2 by Canaccord Genuity. The firm has “Hold” rating given on Tuesday, November 3 by Canaccord Genuity. The firm has “Underperform” rating by CSLA given on Thursday, March 24. The firm earned “Outperform” rating on Tuesday, November 3 by Credit Agricole. The firm earned “Outperform” rating on Tuesday, November 3 by CLSA. The rating was initiated by Nomura on Friday, September 18 with “Buy”.

According to Zacks Investment Research, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process.”

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.01, from 1.12 in 2016Q1. The ratio increased, as 21 funds sold all Cognex Corporation shares owned while 81 reduced positions. 32 funds bought stakes while 83 increased positions. They now own 71.25 million shares or 14.59% less from 83.42 million shares in 2016Q1.
Us Bancorp De holds 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 92,844 shares. Blackrock Advsrs Ltd Llc last reported 45,262 shares in the company. Joho Ltd Liability Co last reported 1.54M shares in the company. State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 102,695 shares. Pictet Asset Ltd, a United Kingdom-based fund reported 316,896 shares. Cap Fund Mgmt Sa owns 16,800 shares or 0.01% of their US portfolio. Brown Advisory accumulated 6,065 shares or 0% of the stock. Guggenheim Ltd Liability has 0.02% invested in the company for 124,659 shares. Snyder Capital Management L P holds 1.32% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 471,674 shares. Segall Bryant And Hamill Llc has invested 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Moreover, Chatham Capital Group Inc has 0.33% invested in Cognex Corporation (NASDAQ:CGNX) for 24,420 shares. The New York-based Rafferty Asset Management Ltd Liability Corp has invested 0.04% in Cognex Corporation (NASDAQ:CGNX). Franklin holds 1.74M shares or 0.04% of its portfolio. Eagle Asset Mgmt accumulated 1.68M shares or 0.5% of the stock. Capstone Asset last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 18, 2016, the stock had 1 insider buy, and 10 insider sales for $12.09 million net activity. $704,908 worth of shares were sold by MORIN RICHARD on Friday, August 26. Shares for $322,866 were sold by WASSERMAN REUBEN on Friday, May 27. ALIAS PATRICK sold 7,500 shares worth $363,550. Willett Robert sold $5.99 million worth of Cognex Corporation (NASDAQ:CGNX) on Wednesday, August 3. BANUCCI EUGENE G bought $77,606 worth of stock. KRANTZ THEODOR sold $1.00 million worth of stock. 20,000 shares with value of $990,248 were sold by miller jeffrey benjamin on Friday, August 5.

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Fool.com which released: “Cognex Corporation Trumps Forecasts, Again” on November 01, 2016, also Fool.com with their article: “Cognex Corporation Does It Again” published on August 02, 2016, Fool.com published: “Cognex Corporation Soars After Strong Earnings” on May 03, 2016. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Fool.com and their article: “Cognex Corporation Repeats a Recurring Theme” published on February 11, 2016 as well as Fool.com‘s news article titled: “3 Things to Look Out for When Cognex Corp. Reports Earnings” with publication date: July 29, 2016.

CGNX Company Profile

Cognex Corporation (Cognex), incorporated on January 7, 1981, is a well-known provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company’s products include vision software, vision systems, vision sensors and ID products. The Company’s products range from vision sensors that are integrated, to personal computer (PC) systems for users. The Company’s products have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. The Company’s service offerings include maintenance and support, consulting and training services.

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