Cognex Corporation (NASDAQ:CGNX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,209 shares of the scientific and technical instruments company’s stock after selling 2,341 shares during the period. Nisa Investment Advisors LLC’s holdings in Cognex were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Cognex by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 18,479,828 shares of the scientific and technical instruments company’s stock worth $662,687,000 after acquiring an additional 296,251 shares during the period. Pictet Asset Management Holding SA grew its holdings in Cognex by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,820,394 shares of the scientific and technical instruments company’s stock worth $136,999,000 after acquiring an additional 461,724 shares during the period. Lazard Asset Management LLC grew its holdings 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 period. Bank of New York Mellon Corp grew its holdings in Cognex by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 2,131,538 shares of the scientific and technical instruments company’s stock worth $63,584,000 after acquiring an additional 38,857 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Cognex by 9.5% during the fourth quarter. Mackenzie Financial Corp now owns 2,038,345 shares of the scientific and technical instruments company’s stock worth $73,095,000 after acquiring an additional 177,324 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CGNX has been the topic of several analyst reports. Needham & Company LLC raised their target price on Cognex from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Cowen raised Cognex from a “hold” rating to a “buy” rating in a report on Monday, April 28th. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Cognex in a report on Monday, June 16th. Truist Financial dropped their price objective on Cognex from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird raised their price objective on Cognex from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.62.

Cognex Price Performance

NASDAQ CGNX opened at $33.32 on Thursday. The company has a market cap of $5.59 billion, a PE ratio of 49.00 and a beta of 1.47. The stock’s 50 day simple moving average is $31.17 and its 200-day simple moving average is $31.98. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $52.98.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.96%. Cognex’s dividend payout ratio (DPR) is presently 47.06%.

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.