Deutsche Bank AG Has $1.04 Million Stake in Cognex Co. (NASDAQ:CGNX)

Deutsche Bank AG lowered its stake in Cognex Co. (NASDAQ:CGNX) by 79.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,903 shares of the scientific and technical instruments company’s stock after selling 112,098 shares during the period. Deutsche Bank AG’s holdings in Cognex were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Cognex by 3.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,836 shares of the scientific and technical instruments company’s stock valued at $281,000 after buying an additional 262 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Cognex by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 5,616 shares of the scientific and technical instruments company’s stock valued at $201,000 after acquiring an additional 270 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Cognex by 50.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 295 shares during the period. Global Retirement Partners LLC increased its position in Cognex by 30.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 317 shares during the period. Finally, Arizona State Retirement System raised its holdings in Cognex by 0.6% during the 4th quarter. Arizona State Retirement System now owns 49,749 shares of the scientific and technical instruments company’s stock worth $1,784,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Cognex Stock Performance

Shares of CGNX opened at $29.72 on Monday. The stock has a 50 day simple moving average of $27.89 and a 200 day simple moving average of $33.86. Cognex Co. has a 52-week low of $22.67 and a 52-week high of $53.13. The firm has a market capitalization of $4.99 billion, a PE ratio of 48.72 and a beta of 1.45.

Cognex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 15th. Cognex’s dividend payout ratio (DPR) is presently 47.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of Cognex from $35.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. The Goldman Sachs Group reduced their price objective on shares of Cognex from $33.00 to $29.00 and set a “sell” rating on the stock in a research note on Tuesday, May 6th. Citigroup lowered their target price on shares of Cognex from $37.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, April 14th. TD Cowen raised Cognex from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Monday, April 28th. Finally, UBS Group reduced their price target on Cognex from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.17.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.