Cognex Co. (NASDAQ:CGNX) Stock Holdings Lifted by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its position in Cognex Co. (NASDAQ:CGNX) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,751,807 shares of the scientific and technical instruments company’s stock after purchasing an additional 305,913 shares during the quarter. Cognex makes up approximately 2.9% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 10th biggest position. Disciplined Growth Investors Inc. MN owned about 2.19% of Cognex worth $151,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp boosted its stake in shares of Cognex by 6.9% during the 3rd quarter. M&T Bank Corp now owns 83,913 shares of the scientific and technical instruments company’s stock worth $3,399,000 after acquiring an additional 5,436 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Cognex by 4.0% during the 3rd quarter. MML Investors Services LLC now owns 12,491 shares of the scientific and technical instruments company’s stock worth $506,000 after acquiring an additional 478 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cognex by 8.2% during the 3rd quarter. Jane Street Group LLC now owns 70,028 shares of the scientific and technical instruments company’s stock worth $2,836,000 after acquiring an additional 5,280 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Cognex during the 3rd quarter worth about $270,000. Finally, Weiss Asset Management LP bought a new stake in Cognex during the 3rd quarter valued at approximately $1,256,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling at Cognex

In other news, Director Anthony Sun sold 26,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.03, for a total value of $1,040,780.00. Following the completion of the transaction, the director now directly owns 26,608 shares of the company’s stock, valued at approximately $1,065,118.24. This represents a 49.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens upgraded Cognex from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $55.00 in a research note on Wednesday, October 16th. Needham & Company LLC decreased their target price on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Truist Financial downgraded Cognex from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $43.00 in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Cognex currently has an average rating of “Hold” and an average target price of $47.91.

Cognex Stock Up 1.6 %

Cognex stock opened at $38.36 on Tuesday. The business has a 50 day moving average price of $39.96 and a two-hundred day moving average price of $42.27. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 73.77 and a beta of 1.39. Cognex Co. has a 12 month low of $34.79 and a 12 month high of $53.13.

Cognex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.08 dividend. This is a boost from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.83%. Cognex’s dividend payout ratio is 61.54%.

About Cognex

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.