Atria Investments Inc Reduces Stock Holdings in Cognex Co. (NASDAQ:CGNX)

Atria Investments Inc decreased its position in Cognex Co. (NASDAQ:CGNX) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,181 shares of the scientific and technical instruments company’s stock after selling 1,076 shares during the period. Atria Investments Inc’s holdings in Cognex were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of Cognex during the third quarter worth $25,000. GAMMA Investing LLC increased its holdings in shares of Cognex by 276.1% in the second quarter. GAMMA Investing LLC now owns 1,087 shares of the scientific and technical instruments company’s stock worth $51,000 after purchasing an additional 798 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Cognex in the second quarter worth $55,000. Signaturefd LLC increased its holdings in shares of Cognex by 43.2% in the second quarter. Signaturefd LLC now owns 1,704 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 514 shares during the period. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Cognex by 19.8% in the second quarter. HHM Wealth Advisors LLC now owns 1,819 shares of the scientific and technical instruments company’s stock worth $85,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cognex Trading Down 0.5 %

Shares of NASDAQ:CGNX opened at $39.05 on Thursday. The stock’s 50-day moving average price is $39.90 and its 200-day moving average price is $43.01. Cognex Co. has a 12-month low of $34.79 and a 12-month high of $53.13. The stock has a market capitalization of $6.70 billion, a P/E ratio of 73.85 and a beta of 1.40.

Cognex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.08 per share. This is a boost from Cognex’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 14th. Cognex’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analyst Weigh In

CGNX has been the topic of several research analyst reports. Truist Financial cut shares of Cognex from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $43.00 in a report on Tuesday, November 5th. Stephens raised shares of Cognex from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $55.00 in a report on Wednesday, October 16th. DA Davidson decreased their price target on shares of Cognex from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Robert W. Baird reduced their target price on Cognex from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Finally, StockNews.com raised 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.91.

Insider Activity

In other news, CFO Dennis Fehr bought 6,570 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $38.04 per share, for a total transaction of $249,922.80. Following the completion of the acquisition, the chief financial officer now owns 6,570 shares in the company, valued at approximately $249,922.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Cognex Company 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.