Economy

Reduces Stake in Cognex Co. (CGNX)

In other Cognex Corporation news, Director Patrick Alias sold 5,000 shares of the business's stock in a transaction on Tuesday, September 12th. The firm has a market capitalization of $8.01 billion, a PE ratio of 44.98 and a beta of 1.33. Over the same time span, the stock marked US$6.78 as its best level and the lowest price reached was US$4.64.

Shares last traded at $116.39 just a bit higher than $109.80, the stock's 50 day moving average and quite a bit higher than the 200 day moving average of $95.50. It has outperformed by 114.30% the S&P500. The median estimate represents a 9.38% increase from the last price of 6.40. 3M Co now has $129.21 billion valuation. Cannell Cap owns 0.2% invested in Regional Management Corp (NYSE:RM) for 29,821 shares. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since October 10, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Since May 4, 2017, it had 0 buys, and 4 selling transactions for $9.81 million activity. The shares were sold on September 5th for an average price of $106.50. Another trade for 7,500 shares valued at $720,695 was sold by KRANTZ THEODOR.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on October, 30. Analysts forecast EPS of $1.05, up exactly $0.56 or 114.29 % from 2014's $0.49 EPS. CGNX's profit would be $90.87 million giving it 27.76 P/E if the $1.05 EPS is correct. After having $0.63 EPS previously, Cognex Corporation's analysts see 66.67% EPS growth. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Therefore 33% are positive. Cognex Corporation had 31 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with "Buy" on Friday, April 1. On Thursday, March 24 the stock rating was downgraded by CSLA to "Underperform". The firm has "Neutral" rating given on Friday, December 2 by Northcoast. Finally, BidaskClub downgraded shares of Cognex Corporation from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 30th. FBR Capital initiated Cognex Corporation (NASDAQ:CGNX) rating on Wednesday, November 11. The rating was initiated by FBR Capital on Wednesday, November 11 with "Mkt Perform". The stock has "Market Perform" rating by Bernstein on Monday, June 6. It also upped Apple Inc Com (NASDAQ:AAPL) stake by 49,618 shares and now owns 144,798 shares.

Vanguard Group Inc. increased its stake in Cognex Corporation by 5.0% in the 1st quarter. Its up 0.28, from 1.22 in 2017Q1. It increased, as 28 investors sold Cognex Corporation shares while 110 reduced holdings. 73 funds opened positions while 110 raised stakes. The institutional investor owned 60,543 shares of the scientific and technical instruments company's stock after purchasing an additional 12,292 shares during the period. Federated Investors Pa reported 448,559 shares. Quantbot Limited Partnership stated it has 0.21% in Cognex Corporation (NASDAQ:CGNX). Riverhead Mngmt Ltd Limited Liability Company accumulated 2,290 shares. Northstar Asset Management Limited owns 11,750 shares. Meeder Asset Mgmt, a Ohio-based fund reported 506 shares. The shares were purchased at an average price of $111.31. "Has $1 Million Stake in Cognex Corporation (CGNX)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Amalgamated State Bank has invested 0.05% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Royal Retail Bank Of Canada has 40,829 shares. Regions Fincl holds 4,855 shares. IFP Advisors Inc raised its stake in shares of Cognex by 172.3% in the first quarter. $2.88M worth of 3M Co (NYSE:MMM) was sold by McGrath Marlene Mary on Thursday, May 18. Insiders have sold a total of 126,750 shares of company stock valued at $13,242,726 in the last ninety days. Its up 0.37, from 0.96 in 2017Q1. It is positive, as 45 investors sold MMM shares while 589 reduced holdings. Price T Rowe Associates Md has 1.95 million shares for 0.03% of their portfolio. Bancshares Of America Corp De holds 462,206 shares. Moreover, Bridgeway Mgmt has 0.05% invested in Regional Management Corp (NYSE:RM) for 162,100 shares. Welch & Forbes Ltd Com invested in 261,831 shares or 0.62% of the stock. 3,220 are held by Burns J W Commerce. Meiji Yasuda Asset Mgmt stated it has 0.41% of its portfolio in 3M Co (NYSE:MMM). Cookson Peirce holds 0.52% or 54,155 shares in its portfolio. 1,861 are held by Aspen Mngmt. Oakbrook Invs Ltd Liability holds 5,750 shares or 0.03% of its portfolio. Deutsche Bank has "Buy" rating and $74 target. Therefore 46% are positive. Cognex Corporation now has a consensus rating of "Buy" and an average price target of $82.75. The short-interest ratio increased to 4.0 and the short interest percentage is 0.03% as of August 31. The firm has "Hold" rating given on Tuesday, July 25 by RBC Capital Markets. Seaport Global has "Buy" rating and $58 target. As per Tuesday, August 4, the company rating was downgraded by Canaccord Genuity. Cowen & Co has "Buy" rating and $135.0 target. Stifel Nicolaus has "Hold" rating and $190 target. REIT (NYSE:WPC) on Monday, August 14 to "In-Line" rating. The company was maintained on Wednesday, July 26 by Morgan Stanley. The company was maintained on Friday, February 17 by Needham.

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