Capital One National Association lifted its position in shares of Cognex Co. (NASDAQ:CGNX) by 99.5% during the 4th quarter, HoldingsChannel reports. The fund owned 20,270 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,110 shares during the quarter. Capital One National Association’s holdings in Cognex were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Cognex by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,670 shares of the scientific and technical instruments company’s stock valued at $11,349,000 after acquiring an additional 2,551 shares in the last quarter. LMR Partners LLP bought a new position in Cognex during the 3rd quarter worth $8,308,000. DekaBank Deutsche Girozentrale bought a new position in Cognex during the 3rd quarter worth $841,000. Eagle Boston Investment Management Inc. bought a new position in Cognex during the 3rd quarter worth $265,000. Finally, State Street Corp grew its stake in Cognex by 2.2% during the 2nd quarter. State Street Corp now owns 2,169,073 shares of the scientific and technical instruments company’s stock worth $184,153,000 after buying an additional 45,840 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Patrick Alias sold 5,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $143.54, for a total value of $717,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Cognex from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Cognex from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Canaccord Genuity upped their price objective on Cognex from $47.50 to $60.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Deutsche Bank set a $80.00 price objective on Cognex and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, Robert W. Baird upped their price objective on Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cognex has a consensus rating of “Hold” and an average target price of $63.00.

Cognex Co. (CGNX) opened at $55.17 on Wednesday. Cognex Co. has a 52 week low of $34.33 and a 52 week high of $72.99. The stock has a market capitalization of $9,505.48, a price-to-earnings ratio of 40.51 and a beta of 1.44.

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Cognex Profile

Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture 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.

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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