Landscape Capital Management L.L.C. Invests $1.20 Million in Cognex Corporation $CGNX

Landscape Capital Management L.L.C. purchased a new position in Cognex Corporation (NASDAQ:CGNX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,511 shares of the scientific and technical instruments company’s stock, valued at approximately $1,196,000.

Several other hedge funds also recently made changes to their positions in CGNX. State of Michigan Retirement System raised its stake in shares of Cognex by 0.5% during the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock valued at $1,952,000 after purchasing an additional 200 shares during the period. Personal CFO Solutions LLC boosted its stake in Cognex by 3.2% in 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 grew its holdings in 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 buying an additional 214 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Cognex by 1.0% during 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 buying an additional 234 shares in the last quarter. Finally, Essential Partners LLC increased its position in shares of Cognex by 12.5% during the first quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 239 shares during the period. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CGNX shares. Robert W. Baird set a $72.00 price objective on shares of Cognex in a research report on Friday, May 8th. Cantor Fitzgerald upped their target price on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Stephens increased their target price on shares of Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. DA Davidson set a $65.00 price target on shares of Cognex and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Barclays restated an “overweight” rating and set a $80.00 price target (up from $75.00) on shares of Cognex in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.64.

Insider Buying and Selling at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president directly owned 3,990 shares of the company’s stock, valued at $264,696.60. This represents a 83.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.

Cognex Stock Performance

CGNX opened at $60.54 on Monday. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The business’s 50-day moving average price is $64.92 and its 200-day moving average price is $58.89. The company has a market cap of $10.18 billion, a P/E ratio of 58.78 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities research analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given 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 is Thursday, August 20th. Cognex’s payout ratio is presently 33.01%.

Cognex Profile

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.