Joho Capital LLC Stake in Cognex Corp (CGNX) Upped by $26.20 Million as Stock Price Rose

October 13, 2018 - By Peter Kolinski

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 1.12 in 2018 Q2. Its up 0.38, from 0.74 in 2018Q1. It is positive, 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. Moreover, Bb&T Ltd Liability Corporation has 0.01% invested in Cognex Corporation (NASDAQ:CGNX) for 11,490 shares. Blue Cap holds 0.12% in Cognex Corporation (NASDAQ:CGNX) or 5,170 shares. Utah Retirement Sys reported 0.03% stake. 105,780 are owned by Susquehanna Intll Gp Ltd Liability Partnership. 40,835 were reported by Natixis. Stone Ridge Asset Limited Liability Corp holds 12,235 shares or 0.03% of its portfolio. Liberty Mutual Grp Asset Mngmt stated it has 34,440 shares or 0.04% of all its holdings. Asset Mgmt holds 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 10,138 shares. Two Sigma Ltd Com has invested 0% in Cognex Corporation (NASDAQ:CGNX). Boston Private Wealth Ltd stated it has 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Tompkins invested 0% in Cognex Corporation (NASDAQ:CGNX). 23,634 were reported by Blair William & Com Il. Bnp Paribas Arbitrage Sa accumulated 52,828 shares or 0% of the stock. California State Teachers Retirement Sys holds 260,849 shares or 0.02% of its portfolio. Oregon Pub Employees Retirement Fund holds 91,188 shares.

Since September 11, 2018, it had 0 buys, and 3 sales for $1.38 million activity. 5,000 shares valued at $271,440 were sold by Schneider Jerry A. on Tuesday, September 11.

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 3.07 million shares of the industrial machinery and components company at the end of 2018Q2, valued at $136.91 million, 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 $7.69 billion market cap company. The stock increased 2.43% or $1.06 during the last trading session, reaching $44.72. About 1.99 million 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. As per Monday, May 7, the company rating was downgraded by JP Morgan. As per Tuesday, May 1, the company rating was maintained by JP Morgan. The company was upgraded on Wednesday, August 1 by Bernstein. As per Monday, May 7, the company rating was downgraded by J.P. Morgan. Morgan Stanley maintained Cognex Corporation (NASDAQ:CGNX) rating on Thursday, October 11. Morgan Stanley has “Equal-Weight” rating and $52 target. As per Friday, August 24, the company rating was downgraded by Northcoast. The firm earned “Neutral” rating on Tuesday, May 1 by Robert W. Baird. Raymond James upgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, May 1 to “Outperform” rating.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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