Cognex Co. (NASDAQ:CGNX) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,732,021 shares of the scientific and technical instruments company’s stock after selling 35,405 shares during the period. Copeland Capital Management LLC owned approximately 1.01% of Cognex worth $62,110,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Impax Asset Management Group plc raised its holdings in Cognex by 2.6% during the third quarter. Impax Asset Management Group plc now owns 5,230,271 shares of the scientific and technical instruments company’s stock worth $211,303,000 after purchasing an additional 131,560 shares in the last quarter. State Street Corp raised its holdings in Cognex by 0.8% during the third quarter. State Street Corp now owns 5,190,365 shares of the scientific and technical instruments company’s stock worth $210,210,000 after purchasing an additional 42,882 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Cognex by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 3,751,807 shares of the scientific and technical instruments company’s stock worth $151,948,000 after purchasing an additional 305,913 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cognex by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,608,028 shares of the scientific and technical instruments company’s stock worth $146,157,000 after purchasing an additional 175,423 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Cognex by 122.7% during the third quarter. Point72 Asset Management L.P. now owns 2,834,755 shares of the scientific and technical instruments company’s stock worth $114,808,000 after purchasing an additional 1,562,115 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Buying and Selling

In other Cognex news, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the transaction, the director now owns 26,608 shares in the company, valued at $1,065,118.24. This trade represents a 49.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Joerg Kuechen sold 2,934 shares of Cognex stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Cognex Stock Performance

Shares of NASDAQ CGNX opened at $39.90 on Friday. Cognex Co. has a 1 year low of $34.79 and a 1 year high of $53.13. The firm’s 50 day moving average price is $38.14 and its 200 day moving average price is $39.85. The firm has a market cap of $6.84 billion, a P/E ratio of 76.73 and a beta of 1.40.

Analyst Ratings Changes

CGNX has been the subject of a number of research analyst reports. Needham & Company LLC dropped their target price on shares of Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stephens reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Cognex in a report on Thursday, January 2nd. Truist Financial increased their target price on shares of Cognex from $42.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Citigroup dropped their target price on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Cantor Fitzgerald raised shares of Cognex to a “strong-buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

About Cognex

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.