Shareholder Kylin Management LLC Has Increased Cognex Corp (CGNX) Stake

May 16, 2018 - By Linda Rogers

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 6.53 in 2017 Q4. Its up 5.48, from 1.05 in 2017Q3. It increased, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Silvercrest Asset Management Grp Inc Limited Com reported 5,224 shares or 0% of all its holdings. Usa Financial Portformulas Corp holds 7,012 shares. Los Angeles Capital Equity holds 0.04% or 122,490 shares in its portfolio. Northstar Asset Mngmt Ltd Company reported 0.64% in Cognex Corporation (NASDAQ:CGNX). California State Teachers Retirement has 271,220 shares. Hl Svcs Llc reported 132,622 shares or 0.16% of all its holdings. Bank Of Mellon Corporation stated it has 2.25M shares or 0.04% of all its holdings. Nomura Asset Mngmt Ltd reported 20,840 shares. Schroder Investment Grp, Maine-based fund reported 233,413 shares. Tortoise Inv Mngmt Limited Company reported 371 shares. 89,162 were accumulated by Mackenzie Fincl Corporation. Amp Invsts Ltd accumulated 43,881 shares. Suntrust Banks Inc invested in 73,830 shares. Clinton Gp Inc holds 39,368 shares or 0.21% of its portfolio. Advisors Asset Mngmt Incorporated owns 22,326 shares or 0.02% of their US portfolio.

Since March 12, 2018, it had 0 insider buys, and 1 insider sale for $564,892 activity.

Ted Kang increased its stake in Cognex Corp (CGNX) by 149.43% based on its latest 2017Q4 regulatory filing with the SEC. Kylin Management Llc bought 1.78 million shares as the company’s stock declined 13.83% with the market. The hedge fund run by Ted Kang held 2.97M shares of the industrial machinery and components company at the end of 2017Q4, valued at $181.46 million, up from 1.19 million at the end of the previous reported quarter. Kylin Management Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.35 billion market cap company. The stock increased 1.86% or $0.88 during the last trading session, reaching $48.27. About 1.41 million shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 16, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Kylin Management Llc, which manages about $2.25 billion and $811.15M US Long portfolio, decreased its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) by 129,000 shares to 2.24 million shares, valued at $210.93M in 2017Q4, according to the filing. It also reduced its holding in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 871,900 shares in the quarter, leaving it with 515,100 shares, and cut its stake in Netease Inc (NASDAQ:NTES).

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Vendingmarketwatch.com which released: “The Rise of the Robot: Investing In Disruptive Automation” on May 16, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Cognex Corporation (CGNX), Tenet Healthcare Corp (THC) and Tesla Inc (TSLA)” published on May 01, 2018, Nasdaq.com published: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” on May 14, 2018. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Seekingalpha.com and their article: “Will Cognex Stock Keep Falling?” published on May 09, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 05/01: (INGN) (KPTI) (NTRI) Higher; (IVAC) (CGNX) (KLXI) Lower (more…)” with publication date: May 01, 2018.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 10 analysts covering Cognex (NASDAQ:CGNX), 5 have Buy rating, 2 Sell and 3 Hold. Therefore 50% are positive. Cognex had 13 analyst reports since December 8, 2017 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) has “Hold” rating given on Tuesday, April 10 by Goldman Sachs. The firm has “Sell” rating by J.P. Morgan given on Monday, May 7. On Friday, December 8 the stock rating was upgraded by Daiwa Securities to “Buy”. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Tuesday, May 1 by Raymond James. The company was upgraded on Tuesday, April 3 by J.P. Morgan. Robert W. Baird maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, May 1 with “Neutral” rating. Canaccord Genuity maintained Cognex Corporation (NASDAQ:CGNX) on Thursday, February 15 with “Hold” rating. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 3. JP Morgan maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, May 1 with “Neutral” rating. On Tuesday, February 13 the stock rating was maintained by Cowen & Co with “Buy”.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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