As Cognex Corp (CGNX) Valuation Rose, Shareholder Joho Capital LLC Raised Stake

October 13, 2018 - By Darrin Black

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.38, from 0.74 in 2018Q1. It improved, as 48 investors sold CGNX shares while 100 reduced holdings. 44 funds opened positions while 122 raised stakes. 148.01 million shares or 5.66% more from 140.09 million shares in 2018Q1 were reported. Barclays Public Limited Liability Company owns 71,066 shares or 0% of their US portfolio. Quantitative Investment Mgmt Ltd Liability Co holds 0.09% or 102,000 shares. Moreover, Arizona State Retirement has 0.05% invested in Cognex Corporation (NASDAQ:CGNX) for 120,074 shares. Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Georgia-based Invesco Ltd has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Gilder Gagnon Howe Communications Lc invested 0% in Cognex Corporation (NASDAQ:CGNX). 46,467 are held by Exane Derivatives. Strs Ohio reported 2,117 shares stake. Jaffetilchin Investment Llc reported 0.12% in Cognex Corporation (NASDAQ:CGNX). Prudential accumulated 0.01% or 109,742 shares. Aqr Cap Mngmt Ltd owns 84,814 shares. Stone Ridge Asset Mngmt Limited Liability Company reported 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Renaissance Technologies Limited Liability reported 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Amp Invsts Limited has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Federated Investors Pa reported 70,007 shares.

Since September 11, 2018, it had 0 buys, and 3 insider sales for $1.38 million activity. Schneider Jerry A. sold 5,000 shares worth $271,440.

Joho Capital Llc increased its stake in Cognex Corp (CGNX) by 24.07% based on its latest 2018Q2 regulatory filing with the SEC. Joho Capital Llc bought 595,358 shares as the company’s stock rose 18.54% with the market. The hedge fund held 3.07M shares of the industrial machinery and components company at the end of 2018Q2, valued at $136.91M, up from 2.47 million 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 bullish on the $7.69B market cap company. The stock increased 2.43% or $1.06 during the last trading session, reaching $44.72. About 1.99M shares traded or 68.87% up from the average. Cognex Corporation (NASDAQ:CGNX) has declined 1.65% since October 13, 2017 and is downtrending. It has underperformed by 17.27% the S&P500.

Another recent and important Cognex Corporation (NASDAQ:CGNX) news was published by Nasdaq.com which published an article titled: “Two Ways to Profit From Extended Pain in Cognex Stock” on October 10, 2018.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 8 analysts covering Cognex (NASDAQ:CGNX), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Cognex had 10 analyst reports since May 1, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, May 1 by Robert W. Baird. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Equal-Weight” rating by Morgan Stanley on Thursday, October 11. The company was downgraded on Monday, May 7 by J.P. Morgan. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Wednesday, August 1 by Bernstein. The firm has “Underweight” rating by JP Morgan given on Monday, May 7. The company was maintained on Tuesday, May 1 by JP Morgan. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Tuesday, May 1 by Raymond James. The firm has “Neutral” rating by Northcoast given on Friday, August 24.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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