Mutual of America Capital Management LLC Trims Holdings in Cognex Co. (NASDAQ:CGNX)

Mutual of America Capital Management LLC cut its stake in Cognex Co. (NASDAQ:CGNXFree Report) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,022 shares of the scientific and technical instruments company’s stock after selling 13,053 shares during the quarter. Mutual of America Capital Management LLC owned about 0.07% of Cognex worth $4,754,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CGNX. Private Advisor Group LLC bought a new stake in Cognex in the first quarter worth $335,000. Raymond James Trust N.A. lifted its position in shares of Cognex by 29.4% during the first quarter. Raymond James Trust N.A. now owns 5,619 shares of the scientific and technical instruments company’s stock worth $433,000 after purchasing an additional 1,277 shares during the last quarter. Cibc World Market Inc. bought a new stake in shares of Cognex during the first quarter worth $3,102,000. Dimensional Fund Advisors LP lifted its position in shares of Cognex by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 608,049 shares of the scientific and technical instruments company’s stock worth $46,913,000 after purchasing an additional 80,615 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Cognex by 10.2% during the first quarter. Blair William & Co. IL now owns 32,214 shares of the scientific and technical instruments company’s stock worth $2,485,000 after purchasing an additional 2,990 shares during the last quarter. 89.86% of the stock is currently owned by institutional investors.

Cognex Price Performance

CGNX opened at $36.87 on Tuesday. The business’s 50-day moving average is $38.90 and its two-hundred day moving average is $41.02. Cognex Co. has a 1 year low of $34.28 and a 1 year high of $59.51. The firm has a market capitalization of $6.35 billion, a PE ratio of 40.52 and a beta of 1.49.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Needham & Company LLC decreased their target price on Cognex from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Stephens cut their price target on Cognex from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Finally, Raymond James cut their price target on Cognex from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cognex has an average rating of “Hold” and a consensus target price of $48.50.

Check Out Our Latest Report on Cognex

Cognex Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.