JB Capital LLC Acquires 4,250 Shares of Cognex Co. (NASDAQ:CGNX)

JB Capital LLC lifted its holdings in shares of Cognex Co. (NASDAQ:CGNX) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 36,094 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,250 shares during the period. JB Capital LLC’s holdings in Cognex were worth $1,294,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gagnon Securities LLC lifted its holdings in shares of Cognex by 41.6% during the 4th quarter. Gagnon Securities LLC now owns 7,387 shares of the scientific and technical instruments company’s stock worth $265,000 after acquiring an additional 2,171 shares during the last quarter. Sonora Investment Management Group LLC raised its holdings in shares of Cognex by 2.3% during the 4th quarter. Sonora Investment Management Group LLC now owns 46,806 shares of the scientific and technical instruments company’s stock valued at $1,678,000 after buying an additional 1,050 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in Cognex by 7.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 314,609 shares of the scientific and technical instruments company’s stock worth $12,499,000 after buying an additional 20,827 shares during the last quarter. R Squared Ltd purchased a new stake in Cognex in the fourth quarter worth approximately $115,000. Finally, Perigon Wealth Management LLC grew its position in Cognex by 14.9% during the fourth quarter. Perigon Wealth Management LLC now owns 11,185 shares of the scientific and technical instruments company’s stock valued at $440,000 after acquiring an additional 1,448 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Insider Transactions at Cognex

In related news, Director Anthony Sun sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the sale, the director now owns 26,608 shares in the company, valued at approximately $1,065,118.24. This trade represents a 49.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Joerg Kuechen sold 2,934 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Cognex Stock Up 0.5 %

Cognex stock opened at $39.90 on Monday. Cognex Co. has a twelve month low of $34.79 and a twelve month high of $53.13. The company has a market capitalization of $6.84 billion, a P/E ratio of 76.73 and a beta of 1.40. The stock’s 50 day moving average is $38.14 and its 200 day moving average is $39.76.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CGNX. Cantor Fitzgerald raised shares of Cognex to a “strong-buy” rating in a research note on Friday, December 20th. Truist Financial upped their price target on shares of Cognex from $42.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Citigroup decreased their price objective on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Cognex in a report on Thursday, January 2nd. Finally, Needham & Company LLC dropped their price objective on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.92.

About Cognex

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.