How Many Cognex Corporation (NASDAQ:CGNX)’s Analysts Are Bearish?

September 16, 2018 - By Sonya McDaniel

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 1.12 in 2018 Q2. Its up 0.38, from 0.74 in 2018Q1. It improved, as 48 investors sold Cognex Corporation shares while 100 reduced holdings. 44 funds opened positions while 122 raised stakes. 148.01 million shares or 5.66% more from 140.09 million shares in 2018Q1 were reported.
371 are held by Tortoise Investment Limited Liability Company. Principal Fin Inc reported 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Qs Investors Limited Com, New York-based fund reported 20 shares. Twin Tree Mngmt Limited Partnership, Texas-based fund reported 8,234 shares. Metropolitan Life New York invested in 58,252 shares. Kbc Grp Nv has 0.02% invested in Cognex Corporation (NASDAQ:CGNX) for 42,494 shares. Federated Invsts Inc Pa holds 70,007 shares. Bridgeway Cap Management holds 0.02% in Cognex Corporation (NASDAQ:CGNX) or 52,300 shares. Moreover, Schroder Invest Management Grp Inc has 0.03% invested in Cognex Corporation (NASDAQ:CGNX) for 335,873 shares. Williams Jones And Assocs Limited Liability Company reported 113,350 shares. Los Angeles Capital Management And Equity stated it has 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Andra Ap reported 6,900 shares. 51,146 were reported by Ameritas Investment Ptnrs. Sit Inv Associate has 0% invested in Cognex Corporation (NASDAQ:CGNX) for 4,000 shares. Ing Groep Nv holds 0.01% or 10,291 shares in its portfolio.

Since September 11, 2018, it had 0 buys, and 1 sale for $271,440 activity.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 8 analysts covering Cognex (NASDAQ:CGNX), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Cognex has $62.5000 highest and $40 lowest target. $47.16’s average target is -15.35% below currents $55.71 stock price. Cognex had 12 analyst reports since April 3, 2018 according to SRatingsIntel. JP Morgan upgraded the shares of CGNX in report on Tuesday, April 3 to “Neutral” rating. The rating was upgraded by Northcoast on Wednesday, April 4 to “Buy”. The firm earned “Neutral” rating on Friday, August 24 by Northcoast. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Neutral” rating by Robert W. Baird on Tuesday, May 1. The rating was downgraded by Goldman Sachs on Tuesday, April 10 to “Hold”. The firm earned “Outperform” rating on Wednesday, August 1 by Bernstein. JP Morgan downgraded Cognex Corporation (NASDAQ:CGNX) on Monday, May 7 to “Underweight” rating. JP Morgan maintained it with “Neutral” rating and $42 target in Tuesday, May 1 report. The rating was upgraded by J.P. Morgan to “Hold” on Tuesday, April 3. J.P. Morgan downgraded it to “Sell” rating and $4200 target in Monday, May 7 report. Below is a list of Cognex Corporation (NASDAQ:CGNX) latest ratings and price target changes.

24/08/2018 Broker: Northcoast Old Rating: Buy New Rating: Neutral Old Target: $54 Downgrade
21/08/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $57 Initiates Coverage On
01/08/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Old Target: $40.1 Upgrade
07/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $42 Downgrade
07/05/2018 Broker: J.P. Morgan Rating: Sell New Target: $42.0000 Downgrade
01/05/2018 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform Upgrade
01/05/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $62 New Target: $40 Maintain
01/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $62.5 New Target: $42 Maintain
10/04/2018 Broker: Goldman Sachs Rating: Hold New Target: $55.0000 Downgrade
04/04/2018 Broker: Northcoast Rating: Buy Upgrade

The stock increased 0.32% or $0.18 during the last trading session, reaching $55.71. About 1.28 million shares traded or 16.49% up from the average. Cognex Corporation (NASDAQ:CGNX) has declined 1.65% since September 16, 2017 and is downtrending. It has underperformed by 17.27% the S&P500.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company has market cap of $9.58 billion. The firm offers machine vision products, which are used to automate the manufacturing 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. It has a 59.27 P/E ratio. The Company’s products include VisionPro, a software suite that provides various vision tools for programming; displacement sensors with vision software for use in 3D application; In-Sight vision systems that perform various vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance; In-Sight vision sensors; ID products, which are used for reading codes that are applied on discrete items during the manufacturing process, as well as have applications in logistics automation for package sorting and distribution; DataMan barcode readers; barcode verifiers; vision-enabled mobile terminals for industrial barcode reading applications; and barcode scanning software development kits.

More recent Cognex Corporation (NASDAQ:CGNX) news were published by: which released: “Charting a bullish September backdrop: S&P 500, Nasdaq maintain major support” on September 11, 2018. Also published the news titled: “Tracking Robert Karr’s Joho Capital Portfolio – Q2 2018 Update” on August 20, 2018.‘s news article titled: “These Jaw-Dropping Facts Will Change Your Mind About the Internet of Things” with publication date: September 13, 2018 was also an interesting one.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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