Cognex Co. (NASDAQ:CGNX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Cognex Co. (NASDAQ:CGNX) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,550 shares of the scientific and technical instruments company’s stock after selling 1,225 shares during the period. Nisa Investment Advisors LLC’s holdings in Cognex were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGNX. Point72 Asset Management L.P. increased its holdings in shares of Cognex by 122.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,834,755 shares of the scientific and technical instruments company’s stock valued at $114,808,000 after acquiring an additional 1,562,115 shares during the period. Ceredex Value Advisors LLC grew its position in Cognex by 116.0% during the 3rd quarter. Ceredex Value Advisors LLC now owns 789,550 shares of the scientific and technical instruments company’s stock worth $31,977,000 after purchasing an additional 423,950 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Cognex by 91.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 642,737 shares of the scientific and technical instruments company’s stock valued at $26,031,000 after buying an additional 307,018 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Cognex by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 3,751,807 shares of the scientific and technical instruments company’s stock worth $151,948,000 after buying an additional 305,913 shares during the period. Finally, Swedbank AB grew its holdings in shares of Cognex by 21.4% during the third quarter. Swedbank AB now owns 1,700,000 shares of the scientific and technical instruments company’s stock worth $68,850,000 after buying an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Transactions at Cognex

In related news, Director Anthony Sun sold 26,000 shares of the firm’s 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 sale, the director now directly owns 26,608 shares of the company’s stock, valued at approximately $1,065,118.24. This trade represents a 49.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Joerg Kuechen sold 2,934 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.75, for a total value of $110,758.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CGNX shares. Truist Financial lifted their target price on Cognex from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Cantor Fitzgerald upgraded shares of Cognex to a “strong-buy” rating in a research report on Friday, December 20th. Needham & Company LLC lowered their target price on shares of Cognex from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Cognex in a report on Thursday, January 2nd. Finally, Citigroup lowered their price objective on Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Cognex Trading Up 1.6 %

NASDAQ CGNX opened at $39.71 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 76.37 and a beta of 1.40. Cognex Co. has a twelve month low of $34.79 and a twelve month high of $53.13. The business’s 50-day moving average price is $38.14 and its 200 day moving average price is $40.03.

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.