Dock Street Asset Management INC Stake In Cognex (CGNX) Was Has Increased

September 8, 2018 - By Matthew Richard

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment decreased to 0.74 in 2018 Q1. Its down 5.79, from 6.53 in 2017Q4. It fall, as 64 investors sold CGNX shares while 145 reduced holdings. 50 funds opened positions while 104 raised stakes. 140.09 million shares or 47.81% less from 268.44 million shares in 2017Q4 were reported. State Of Wisconsin Invest Board holds 266,508 shares or 0.04% of its portfolio. Northstar Asset Management Llc stated it has 0.54% in Cognex Corporation (NASDAQ:CGNX). Earnest Partners Ltd Liability stated it has 60 shares. Liberty Mutual Grp Asset Mgmt holds 0.05% or 34,107 shares. Arizona State Retirement owns 117,447 shares or 0.06% of their US portfolio. Tortoise Mgmt Limited Liability Company holds 0.01% or 371 shares. Brown Brothers Harriman And Company holds 2,464 shares or 0% of its portfolio. Scopus Asset Management Lp invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Citigroup reported 0% stake. Canada Pension Plan Inv Board holds 152,700 shares or 0.01% of its portfolio. Ameriprise Financial holds 0.15% or 6.43M shares. Advisory Network Limited Liability reported 0% in Cognex Corporation (NASDAQ:CGNX). The New York-based Pinnacle Assoc Limited has invested 1.76% in Cognex Corporation (NASDAQ:CGNX). Robeco Institutional Asset Management Bv has 133,124 shares. Commercial Bank Of Montreal Can holds 147,138 shares.

Dock Street Asset Management Inc increased its stake in Cognex (CGNX) by 225.78% based on its latest 2018Q1 regulatory filing with the SEC. Dock Street Asset Management Inc bought 71,661 shares as the company’s stock declined 13.31% with the market. The institutional investor held 103,401 shares of the industrial machinery and components company at the end of 2018Q1, valued at $5.38 million, up from 31,740 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Cognex for a number of months, seems to be bullish on the $9.12B market cap company. The stock increased 0.74% or $0.39 during the last trading session, reaching $53.03. About 765,928 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 0.46% since September 8, 2017 and is uptrending. It has underperformed by 12.11% the S&P500.

Another recent and important Cognex Corporation (NASDAQ:CGNX) news was published by which published an article titled: “Tracking Robert Karr’s Joho Capital Portfolio – Q2 2018 Update” on August 20, 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 12 analyst reports since April 3, 2018 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Underweight” rating by JP Morgan on Monday, May 7. The firm has “Hold” rating by Goldman Sachs given on Tuesday, April 10. The stock has “Hold” rating by J.P. Morgan on Tuesday, April 3. The stock of Cognex Corporation (NASDAQ:CGNX) has “Neutral” rating given on Tuesday, May 1 by Robert W. Baird. The firm has “Sell” rating by J.P. Morgan given on Monday, May 7. The firm earned “Neutral” rating on Tuesday, April 3 by JP Morgan. The firm has “Outperform” rating given on Tuesday, May 1 by Raymond James. The rating was maintained by JP Morgan on Tuesday, May 1 with “Neutral”. Northcoast downgraded Cognex Corporation (NASDAQ:CGNX) on Friday, August 24 to “Neutral” rating. The stock has “Outperform” rating by Bernstein on Wednesday, August 1.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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