Cognex Co. (CGNX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Cognex Co. (NASDAQ:CGNX) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,124 shares of the scientific and technical instruments company’s stock after selling 87,140 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Cognex worth $6,921,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CGNX. Nisa Investment Advisors LLC raised its position in Cognex by 100.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,900 shares of the scientific and technical instruments company’s stock worth $1,339,000 after acquiring an additional 10,950 shares during the period. Atria Investments LLC raised its position in Cognex by 62.3% in the fourth quarter. Atria Investments LLC now owns 7,648 shares of the scientific and technical instruments company’s stock worth $468,000 after acquiring an additional 2,935 shares during the period. Bank of Montreal Can raised its position in Cognex by 89.8% in the fourth quarter. Bank of Montreal Can now owns 142,575 shares of the scientific and technical instruments company’s stock worth $8,721,000 after acquiring an additional 67,442 shares during the period. Creative Planning raised its position in Cognex by 109.9% in the fourth quarter. Creative Planning now owns 17,852 shares of the scientific and technical instruments company’s stock worth $1,092,000 after acquiring an additional 9,348 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Cognex by 106.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 620,755 shares of the scientific and technical instruments company’s stock worth $37,966,000 after acquiring an additional 319,729 shares during the period. Institutional investors own 82.11% of the company’s stock.

Shares of Cognex opened at $45.45 on Friday, according to MarketBeat.com. The firm has a market capitalization of $7.86 billion, a PE ratio of 32.58 and a beta of 1.61. Cognex Co. has a 1 year low of $39.90 and a 1 year high of $72.99.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Thursday, February 15th. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $180.37 million during the quarter, compared to analysts’ expectations of $178.75 million. Cognex had a net margin of 21.56% and a return on equity of 23.08%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. research analysts anticipate that Cognex Co. will post 1.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a $0.045 dividend. The ex-dividend date is Thursday, May 17th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.40%. Cognex’s dividend payout ratio (DPR) is presently 12.41%.

Cognex announced that its Board of Directors has initiated a share buyback program on Thursday, February 15th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts have weighed in on CGNX shares. BidaskClub downgraded shares of Cognex from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded shares of Cognex from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine downgraded shares of Cognex from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. JPMorgan Chase upgraded shares of Cognex from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research report on Tuesday, April 3rd. Finally, Northcoast Research upgraded shares of Cognex from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 4th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.21.

In other news, Director Anthony Sun sold 10,000 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $56.49, for a total value of $564,900.00. Following the completion of the sale, the director now directly owns 294,262 shares of the company’s stock, valued at $16,622,860.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.

Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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