Cognex Corp (CGNX) Shareholder Essex Investment Management Co LLC Increased Its Stake by $6.37 Million

April 17, 2018 - By Russell Jones

Cognex Corporation (NASDAQ:CGNX) Corporate LogoDuring Q4 2017 the big money sentiment increased to 6.53. That’s change of 5.48, from 2017Q3’s 1.05. 32 investors sold all, 21 reduced holdings as CGNX ratio improved. 262 rose positions while 84 funds amassed positions. Funds hold 268.44 million shares thus 268.52% more from 2017Q3’s 72.84 million shares. Hermes Limited holds 1.35 million shs. Canada Pension Plan Investment Board stated it has 198,200 shs or 0.02% of all its holdings. Segall Bryant And Hamill Ltd Liability Co has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Moreover, Cubist Systematic Strategies Llc has 0.06% invested in Cognex Corporation (NASDAQ:CGNX). Amer Gp owns 358,619 shs for 0.07% of their capital. Allen Invest Mgmt Limited Com reported 42,080 shs or 0.11% of all its holdings. Tcw Gp holds 0.19% or 377,483 shs in its capital. The Illinois-based Blair William & Company Il has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Deutsche Bank & Trust Ag owns 849,073 shs for 0.03% of their capital. Toronto Dominion Comml Bank holds 0% or 10,204 shs in its capital. Silvercrest Asset Grp Lc invested in 0% or 5,224 shs. Genesee Valley Trust reported 0.19% in Cognex Corporation (NASDAQ:CGNX). Apg Asset Mngmt Nv reported 0.01% in Cognex Corporation (NASDAQ:CGNX). Voya Invest Management Ltd holds 60,772 shs or 0.01% of its capital. 4,734 were reported by Advisor Prtnrs Ltd Liability Co.

CGNX had 1 sale and 0 insider buys since March 12, 2018. This’s net activity of $564,892.

According to 2017Q4 SEC form the Essex Investment Management Co Llc upped its stake in Cognex Corp (CGNX) by 92.94%. 104,389 shares were bought by Essex Investment Management Co Llc as the company’s stock declined 13.83% with the market. The hedge fund is holding 216,710 shares, compared to the 112,321 from the previous quarter. And the reported value of the industrial machinery and components company is $13.25M for the 2017Q4. For a total of 34,453 shares it reduced its holding in Goldman Sachs Group Inc (NYSE:GS) by 12,361 shares in the quarter, and has cut its stake in Amazon Com Inc (NASDAQ:AMZN).

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Total analysts of 9 have positions in Cognex (NASDAQ:CGNX) as follows: 4 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 44%. The firm has $125.0 highest while $5500 is the lowest [Target]. The average target $74.75 is 47.00% above the last ($50.85) price. Since October 31, 2017 according to StockzIntelligence Inc Cognex has 11 analyst reports. On Tuesday, February 13 the stock has “Buy” rating by Cowen & Co. In Tuesday, April 10 report Goldman Sachs downgraded the stock to “Hold” rating. On Tuesday, April 3 J.P. Morgan upgraded Cognex Corporation (NASDAQ:CGNX) rating. J.P. Morgan has “Hold” rating and $62.5000 target. On Friday, December 8 the stock has “Buy” rating by Daiwa Securities. On Wednesday, November 8 J.P. Morgan downgraded Cognex Corporation (NASDAQ:CGNX) rating. J.P. Morgan has “Sell” rating and $125.0 target. On Tuesday, October 31 Canaccord Genuity maintained the shares of CGNX in report with “Hold” rating. On Tuesday, April 3 the stock of Cognex Corporation (NASDAQ:CGNX) earned “Neutral” rating by JP Morgan. On Thursday, February 15 Canaccord Genuity maintained the shares of CGNX in report with “Hold” rating. On Wednesday, April 4 the rating was upgraded by Northcoast to “Buy”. On Tuesday, October 31 Robert W. Baird maintained Cognex Corporation (NASDAQ:CGNX) with “Neutral” rating.

Cognex Corporation (NASDAQ:CGNX) Institutional Investors Chart

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