This is what analysts have to say about Cognex Corporation (NASDAQ:CGNX) after last week.

September 16, 2018 - By Matthew Richard

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.38, from 0.74 in 2018Q1. It increased, as 48 investors sold Cognex Corporation 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.
State Of Wisconsin Board has invested 0.03% in Cognex Corporation (NASDAQ:CGNX). Stephens Investment Gru Ltd Co owns 938,981 shares for 0.83% of their portfolio. 1832 Asset Management Limited Partnership reported 45 shares. Assetmark reported 1,470 shares. Jefferies Group Limited Liability Company has 22,591 shares. North Star Mgmt Corp, Illinois-based fund reported 200 shares. Employees Retirement Of Texas, a Texas-based fund reported 126,000 shares. The Illinois-based Rmb Mgmt Ltd Limited Liability Company has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Polar Llp reported 1.10M shares. Hl Fin Svcs Limited Liability has invested 0.09% in Cognex Corporation (NASDAQ:CGNX). Guggenheim Cap Lc accumulated 50,365 shares or 0.01% of the stock. The Nebraska-based Nelson Van Denburg Campbell Wealth Management Group Incorporated Limited Liability has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Stifel Fin Corporation holds 24,523 shares or 0% of its portfolio. Macquarie Limited invested in 5,500 shares. Oppenheimer Asset Mgmt accumulated 60,120 shares or 0.07% of the stock.

Since September 11, 2018, it had 0 insider purchases, and 1 sale for $271,440 activity.

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 has $62.5000 highest and $40 lowest target. $47.16’s average target is -15.35% below currents $55.71 stock price. Cognex had 12 analyst reports since April 3, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 4 by Northcoast. The rating was maintained by JP Morgan with “Neutral” on Tuesday, May 1. J.P. Morgan upgraded Cognex Corporation (NASDAQ:CGNX) rating on Tuesday, April 3. J.P. Morgan has “Hold” rating and $62.5000 target. The company was upgraded on Tuesday, May 1 by Raymond James. The firm earned “Sell” rating on Monday, May 7 by J.P. Morgan. Robert W. Baird maintained the shares of CGNX in report on Tuesday, May 1 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, April 3 by JP Morgan. The firm has “Outperform” rating given on Wednesday, August 1 by Bernstein. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Underweight” rating by JP Morgan on Monday, May 7. Goldman Sachs downgraded the stock to “Hold” rating in Tuesday, April 10 report. Below is a list of Cognex Corporation (NASDAQ:CGNX) latest ratings and price target changes.

24/08/2018 Broker: Northcoast Old Rating: Buy New Rating: Neutral Old Target: $54 Downgrade
21/08/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $57 Initiates Coverage On
01/08/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Old Target: $40.1 Upgrade
07/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $42 Downgrade
07/05/2018 Broker: J.P. Morgan Rating: Sell New Target: $42.0000 Downgrade
01/05/2018 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform Upgrade
01/05/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $62 New Target: $40 Maintain
01/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $62.5 New Target: $42 Maintain
10/04/2018 Broker: Goldman Sachs Rating: Hold New Target: $55.0000 Downgrade
04/04/2018 Broker: Northcoast Rating: Buy Upgrade

The stock increased 0.32% or $0.18 during the last trading session, reaching $55.71. About 1.28M shares traded or 16.49% up from the average. Cognex Corporation (NASDAQ:CGNX) has declined 1.65% since September 16, 2017 and is downtrending. It has underperformed by 17.27% the S&P500.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company has market cap of $9.58 billion. The firm offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. It has a 59.27 P/E ratio. The Company’s products include VisionPro, a software suite that provides various vision tools for programming; displacement sensors with vision software for use in 3D application; In-Sight vision systems that perform various vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance; In-Sight vision sensors; ID products, which are used for reading codes that are applied on discrete items during the manufacturing process, as well as have applications in logistics automation for package sorting and distribution; DataMan barcode readers; barcode verifiers; vision-enabled mobile terminals for industrial barcode reading applications; and barcode scanning software development kits.

More recent Cognex Corporation (NASDAQ:CGNX) news were published by: which released: “Tracking Robert Karr’s Joho Capital Portfolio – Q2 2018 Update” on August 20, 2018. Also published the news titled: “These Jaw-Dropping Facts Will Change Your Mind About the Internet of Things” on September 13, 2018.‘s news article titled: “Charting a bullish September backdrop: S&P 500, Nasdaq maintain major support” with publication date: September 11, 2018 was also an interesting one.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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