Joho Capital LLC Decreased Cognex Corp (CGNX) Stake by $3.87 Million as Share Price Rose

July 18, 2017 - By Hazel Jackson

Investors sentiment increased to 1.21 in Q4 2016. Its up 0.21, from 1 in 2016Q3. It increased, as 24 investors sold CGNX shares while 96 reduced holdings. 53 funds opened positions while 92 raised stakes. 76.66 million shares or 0.91% less from 77.36 million shares in 2016Q3 were reported. First Quadrant LP Ca invested in 0.29% or 222,432 shares. Guggenheim Capital Limited Liability reported 191,074 shares. Janus Capital Management Ltd Liability Com has 0% invested in Cognex Corporation (NASDAQ:CGNX). Dekabank Deutsche Girozentrale holds 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 4,100 shares. Qs Investors reported 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 264 were accumulated by Tortoise Mgmt Ltd. Blackrock Advsrs Limited Co invested in 0% or 48,513 shares. Moreover, Tirschwell Loewy has 5.08% invested in Cognex Corporation (NASDAQ:CGNX) for 446,060 shares. State Board Of Administration Of Florida Retirement Sys reported 0.02% stake. Washington owns 7,400 shares for 0.58% of their portfolio. Walleye Trading Ltd Company holds 3,286 shares or 0% of its portfolio. Credit Agricole S A holds 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 28,738 shares. Oregon Public Employees Retirement Fund has 0.04% invested in Cognex Corporation (NASDAQ:CGNX) for 29,672 shares. New York State Common Retirement Fund holds 0.12% or 1.30 million shares. Cap Global holds 811,202 shares.

Since February 21, 2017, it had 0 insider buys, and 9 insider sales for $17.49 million activity. Willett Robert also sold $8,964 worth of Cognex Corporation (NASDAQ:CGNX) on Thursday, May 4. $389,250 worth of Cognex Corporation (NASDAQ:CGNX) was sold by ALIAS PATRICK. Another trade for 7,500 shares valued at $577,381 was made by miller jeffrey benjamin on Tuesday, February 21. KRANTZ THEODOR had sold 7,500 shares worth $720,695 on Tuesday, June 6. Shares for $1.15M were sold by SUN ANTHONY.

Robert Karr decreased its stake in Cognex Corp (CGNX) by 3.64% based on its latest 2016Q4 regulatory filing with the SEC. Joho Capital Llc sold 61,437 shares as the company’s stock rose 18.92% with the market. The hedge fund run by Robert Karr held 1.63M shares of the industrial machinery and components company at the end of 2016Q4, valued at $103.62M, down from 1.69M at the end of the previous reported quarter. Joho Capital Llc who had been investing in Cognex Corp for a number of months, seems to be less bullish one the $7.71B market cap company. The stock rose 0.07% or $0.06 reaching $89.24. About shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since July 18, 2016 and is uptrending. It has outperformed by 114.30% the S&P500.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on August, 7. They expect $0.56 EPS, up 12.00 % or $0.06 from last year’s $0.5 per share. CGNX’s profit will be $48.38 million for 39.84 P/E if the $0.56 EPS becomes a reality. After $0.33 actual EPS reported by Cognex Corporation for the previous quarter, Wall Street now forecasts 69.70 % EPS growth.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 15 analysts covering Cognex Corporation (NASDAQ:CGNX), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Cognex Corporation had 28 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, November 3 by Canaccord Genuity. The firm earned “Underperform” rating on Tuesday, August 2 by CLSA. Needham maintained Cognex Corporation (NASDAQ:CGNX) rating on Friday, February 17. Needham has “Buy” rating and $80 target. The firm earned “Buy” rating on Wednesday, November 18 by Canaccord Genuity. As per Friday, December 2, the company rating was downgraded by Northcoast. Deutsche Bank initiated Cognex Corporation (NASDAQ:CGNX) rating on Thursday, December 8. Deutsche Bank has “Buy” rating and $74 target. Canaccord Genuity downgraded the shares of CGNX in report on Tuesday, August 4 to “Hold” rating. The firm has “Outperform” rating given on Tuesday, November 3 by Credit Agricole. The company was initiated on Wednesday, May 11 by FBR Capital. The firm earned “Hold” rating on Tuesday, June 14 by Canaccord Genuity.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.