Nuveen Asset Management LLC Acquires 14,396 Shares of Cognex Co. (NASDAQ:CGNX)

Nuveen Asset Management LLC raised its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 457,636 shares of the scientific and technical instruments company’s stock after acquiring an additional 14,396 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Cognex worth $16,411,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Numerai GP LLC boosted its stake in Cognex by 637.2% in the 4th quarter. Numerai GP LLC now owns 59,465 shares of the scientific and technical instruments company’s stock worth $2,132,000 after purchasing an additional 51,399 shares during the period. Occudo Quantitative Strategies LP lifted its position in Cognex by 248.0% during the fourth quarter. Occudo Quantitative Strategies LP now owns 29,989 shares of the scientific and technical instruments company’s stock worth $1,075,000 after acquiring an additional 21,371 shares during the last quarter. Millennium Management LLC lifted its position in Cognex by 464.6% during the fourth quarter. Millennium Management LLC now owns 782,576 shares of the scientific and technical instruments company’s stock worth $28,063,000 after acquiring an additional 643,959 shares during the last quarter. Lazard Asset Management LLC lifted its position in Cognex by 1.1% during the fourth quarter. Lazard Asset Management LLC now owns 2,256,640 shares of the scientific and technical instruments company’s stock worth $80,923,000 after acquiring an additional 25,492 shares during the last quarter. Finally, LRT Capital Management LLC boosted its stake in shares of Cognex by 64.3% in the fourth quarter. LRT Capital Management LLC now owns 84,703 shares of the scientific and technical instruments company’s stock valued at $3,037,000 after buying an additional 33,150 shares during the period. Institutional investors own 88.12% of the company’s stock.

Cognex Price Performance

NASDAQ CGNX opened at $29.72 on Monday. The company has a market capitalization of $4.99 billion, a PE ratio of 48.72 and a beta of 1.45. The company has a fifty day moving average of $27.89 and a 200 day moving average of $33.86. Cognex Co. has a 1 year low of $22.67 and a 1 year high of $53.13.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.08%. Cognex’s dividend payout ratio is currently 47.06%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of Cognex from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. UBS Group dropped their target price on shares of Cognex from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. DA Davidson dropped their target price on shares of Cognex from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Truist Financial decreased their price target on shares of Cognex from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Finally, HSBC downgraded shares of Cognex from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cognex has an average rating of “Hold” and an average price target of $39.17.

Cognex 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.