Cognex Corporation $CGNX Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 26.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,377,730 shares of the scientific and technical instruments company’s stock after acquiring an additional 284,033 shares during the quarter. Quantinno Capital Management LP’s holdings in Cognex were worth $67,495,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CGNX. State of Michigan Retirement System boosted its position in Cognex by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock worth $1,952,000 after purchasing an additional 200 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Cognex by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock worth $333,000 after purchasing an additional 212 shares during the period. World Investment Advisors increased its holdings in shares of Cognex by 3.7% during the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock valued at $298,000 after purchasing an additional 214 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Cognex by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock valued at $824,000 after purchasing an additional 234 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cognex by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the scientific and technical instruments company’s stock valued at $68,000 after purchasing an additional 243 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darren Marc Long sold 20,252 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the completion of the transaction, the vice president owned 3,990 shares in the company, valued at $264,696.60. This represents a 83.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Fennell sold 64,873 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $67.05, for a total transaction of $4,349,734.65. Following the completion of the transaction, the insider directly owned 11,263 shares in the company, valued at $755,184.15. This represents a 85.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 224,847 shares of company stock worth $14,975,098 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CGNX shares. Needham & Company LLC increased their price target on shares of Cognex from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $80.00 price objective (up from $70.00) on shares of Cognex in a report on Monday, May 11th. DA Davidson set a $62.00 price objective on shares of Cognex and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Truist Financial increased their target price on shares of Cognex from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $75.00 target price on shares of Cognex in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.31.

Cognex Price Performance

Shares of CGNX stock opened at $60.36 on Wednesday. Cognex Corporation has a 1-year low of $33.45 and a 1-year high of $72.88. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 71.86 and a beta of 1.49. The stock has a 50 day simple moving average of $64.95 and a 200-day simple moving average of $55.78.

Cognex (NASDAQ:CGNX) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. Cognex had a net margin of 13.62% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. Analysts anticipate that Cognex Corporation will post 1.48 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Cognex’s dividend payout ratio (DPR) is presently 40.48%.

About Cognex

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.