Cognex Co. (NASDAQ:CGNX) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Cognex Co. (NASDAQ:CGNX) by 0.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,141,091 shares of the scientific and technical instruments company’s stock after buying an additional 500 shares during the period. Janus Henderson Group PLC’s holdings in Cognex were worth $46,213,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CGNX. William Blair Investment Management LLC raised its position in shares of Cognex by 8.1% during the second quarter. William Blair Investment Management LLC now owns 4,018,539 shares of the scientific and technical instruments company’s stock worth $187,907,000 after purchasing an additional 301,916 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Cognex by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,309,827 shares of the scientific and technical instruments company’s stock worth $61,248,000 after buying an additional 15,871 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cognex by 33.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,621,629 shares of the scientific and technical instruments company’s stock valued at $75,828,000 after acquiring an additional 409,502 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Cognex in the 2nd quarter valued at approximately $980,000. Finally, Legacy Advisors LLC grew its holdings in Cognex by 15.3% during the second quarter. Legacy Advisors LLC now owns 17,625 shares of the scientific and technical instruments company’s stock valued at $824,000 after purchasing an additional 2,344 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Transactions at Cognex

In other Cognex news, Director Anthony Sun sold 26,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total transaction of $1,040,780.00. Following the completion of the transaction, the director now owns 26,608 shares in the company, valued at $1,065,118.24. This trade represents a 49.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial lowered Cognex from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $43.00 in a report on Tuesday, November 5th. Stephens upgraded shares of 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 cut their price target on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, StockNews.com upgraded Cognex from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.91.

Cognex Stock Down 3.0 %

Cognex stock opened at $37.62 on Friday. The stock’s 50 day moving average is $40.05 and its 200 day moving average is $42.49. The company has a market capitalization of $6.45 billion, a P/E ratio of 72.35 and a beta of 1.39. Cognex Co. has a twelve month low of $34.79 and a twelve month high of $53.13.

Cognex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, November 14th. This is a boost from Cognex’s previous quarterly dividend of $0.08. Cognex’s dividend payout ratio (DPR) is currently 61.54%.

Cognex 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.