Analyst Ratings and Financial Health of Cognex Corporation (NASDAQ:CGNX)

Coatue Management LLC acquired a new position in shares of Cognex Corporation in the 2nd quarter valued at $87,064,000. Following the transaction, the chief financial officer now owns 16,038 shares of the company's stock, valued at approximately $805,267.98.

Short traders are feeling a little more bullish recently if you take note of the decrease in short interest. Hedge funds and other institutional investors own 91.01% of the company's stock. Gemmer Asset Ltd Liability Co reported 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Huntington National Bank raised its stake in Cognex Corporation by 67.3% in the third quarter. The scientific and technical instruments company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. Ellington Mgmt Grp Limited Liability Corp accumulated 2,700 shares or 0.03% of the stock. Stephens Inc. AR increased its position in Cognex 3.3% in the second quarter. Finally, BidaskClub raised Cognex Corporation from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 4th. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had sold 8,936 shares trimming its holdings by 68.6%.

CGNX has been the topic of a number of other reports. Cowen and Company reaffirmed an "outperform" rating and set a $135.00 target price (up from $100.00) on shares of Cognex Corporation in a report on Tuesday, August 8th. Wolfe Research upgraded Cognex Corporation from a "market perform" rating to an "outperform" rating in a report on Monday, August 14th. Maverick holds 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 26,980 shares. Zacks Investment Research cut Cognex Corporation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 3rd. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The stock has an average rating of "Buy" and a consensus target price of $99.50.

Cognex Corporation (NASDAQ:CGNX) was down -1.39% (-$1.74) to $123.66 and showed a volume of 1.33 mln shares.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. The Beta for the stock stands at 1.46. This short time frame picture represents an upward movement of current price over average price of last 20 days.

With third-quarter earnings season in full swing, analysts are weighing in on biotech EXACT Sciences Corporation (NASDAQ:EXAS), food and beverage company Mondelez International Inc (NASDAQ:MDLZ), and machinery stock Cognex Corporation (NASDAQ:CGNX). Next quarter's EPS is estimated at $0.42 with next year's EPS projected to be $2.64.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Analysts expect that Cognex Corporation will post $2.56 earnings per share for the current fiscal year. The stock has been active on the tape, now trading at $123.66, down from yesterday's close by -1.39%. The ex-dividend date is Thursday, November 16th. The stock's Dividend Yield stands at 0.28%.

Cognex Corporation (NASDAQ:CGNX) closed November 01 at $124.96, down -3.8% or $4.93 from its record high price of $129.89. Cognex Corporation's dividend payout ratio (DPR) is 12.55%. Kbc Gru Nv holds 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 4,116 shares. If you are viewing this report on another publication, it was stolen and republished in violation of US and global trademark & copyright laws. The shares were sold at an average price of $104.58, for a total value of $6,981,656.22. Creative Planning now owns 3,669 shares of the company's stock valued at $158,000 after buying an additional 70 shares in the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

In related news, CEO Robert Willett sold 8,241 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $106.50, for a total transaction of $745,500.00. The company has its outstanding shares of 85.16M. The disclosure for this sale can be found here. Insiders sold a total of 126,750 shares of company stock worth $13,242,726 over the last 90 days. BlackRock Inc. now owns 6,887,038 shares of the scientific and technical instruments company's stock valued at $584,711,000 after purchasing an additional 231,014 shares during the period.

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