Universal Beteiligungs und Servicegesellschaft mbH Purchases 14,363 Shares of Cognex Corporation $CGNX

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Cognex Corporation (NASDAQ:CGNX) by 19.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 89,933 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,363 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cognex were worth $4,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGNX. Nordea Investment Management AB lifted its position in Cognex by 148.5% during the 2nd quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock valued at $223,594,000 after purchasing an additional 4,228,729 shares during the period. AQR Capital Management LLC raised its stake in shares of Cognex by 18,810.9% during the second quarter. AQR Capital Management LLC now owns 1,794,649 shares of the scientific and technical instruments company’s stock worth $56,657,000 after buying an additional 1,785,159 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in Cognex in the second quarter valued at approximately $45,723,000. Norges Bank bought a new position in Cognex in the second quarter valued at approximately $38,889,000. Finally, Electron Capital Partners LLC grew its holdings in Cognex by 286.5% during the 2nd quarter. Electron Capital Partners LLC now owns 1,337,608 shares of the scientific and technical instruments company’s stock worth $42,429,000 after acquiring an additional 991,567 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Trading Up 0.2%

CGNX opened at $39.46 on Wednesday. The stock has a market capitalization of $6.61 billion, a P/E ratio of 61.66 and a beta of 1.52. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $49.76. The firm’s fifty day simple moving average is $37.85 and its 200 day simple moving average is $40.69.

Cognex (NASDAQ:CGNX) last released its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $264.00 million for the quarter, compared to the consensus estimate of $261.86 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. On average, equities research analysts predict that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp restated an “overweight” rating and issued a $50.00 price target on shares of Cognex in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Cognex in a report on Monday, December 29th. UBS Group restated a “buy” rating and set a $58.00 target price on shares of Cognex in a research report on Friday, October 31st. Robert W. Baird set a $45.00 price target on shares of Cognex in a research report on Friday, October 31st. Finally, Needham & Company LLC lifted their price objective on shares of Cognex from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.64.

Cognex Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.