Cognex Corporation (NASDAQ:CGNX) Sellers Rose By 62.63% Their Shorts

April 20, 2018 - By Tracy Fowler

Cognex Corporation (NASDAQ:CGNX) Corporate Logo

During Q4 2017 the big money sentiment increased to 6.53. That’s change of 5.48, from 2017Q3’s 1.05. 32 investors sold all, 21 reduced holdings as Cognex Corporation ratio increased. 262 rose stakes while 84 funds acquired stakes. Funds hold 268.44 million shares thus 268.52% more from 2017Q3’s 72.84 million shares.
Bb&T Secs Ltd Liability Com has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Capital Fund Management Sa holds 106,341 shs. Cwm Ltd Liability holds 0% or 76 shs. Coatue Management Limited Com has invested 0.97% in Cognex Corporation (NASDAQ:CGNX). New York-based Pinnacle Associate Ltd has invested 2.11% in Cognex Corporation (NASDAQ:CGNX). Fmr Llc owns 144,384 shs for 0% of their capital. Northwestern Mutual Wealth Mgmt Co has 821 shs. Hsbc Public Ltd Co accumulated 46,639 shs. Captrust Advsr, North Carolina-based fund reported 1,285 shs. Moreover, Mitsubishi Ufj & has 0.04% invested in Cognex Corporation (NASDAQ:CGNX) for 353,949 shs. 73,830 are owned by Suntrust Banks. Huntington Savings Bank reported 2,050 shs. Lpl Ltd Liability Com has 68,038 shs for 0.01% of their capital. 392,442 were accumulated by Rhumbline Advisers. Susquehanna Int Gp Llp invested 0.01% in Cognex Corporation (NASDAQ:CGNX).

Cognex Corporation registered $564,892 net activity with 0 insider purchases and 1 sale since March 12, 2018.

Cognex Corporation (NASDAQ:CGNX) recorded an increase of 62.63% in short interest. FINRA issued in April CGNX’s total 7.29 million short interest. Previously was reported up change of 62.63% from 4.49M shares. With Average volume 2.48M, CGNX’s previous position will take 3 days to recover.

CGNX is touching $49.7 during the last trading session, after decreased 2.34%.Currently Cognex Corporation is uptrending after 31.99% change in last April 20, 2017. CGNX has also 1.60 million shares volume. CGNX outperformed by 20.44% the S&P 500.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide.The firm is worth $8.59 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.The P/E ratio is 50.2. 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.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

A total of 9 analysts rate Cognex (NASDAQ:CGNX) as follows: 4 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 44% are bullish. The firm has $125.0 highest and $5500 lowest target. The avg target $74.75 is 50.40% above the last ($49.7) price. (NASDAQ:CGNX) has 11 ratings reports on Apr 20, 2018 according to StockzIntelligence. On Tuesday, April 10 the rating was downgraded by Goldman Sachs to “Hold”. The company rating was maintained by Canaccord Genuity on Thursday, February 15. On Tuesday, April 3 the company was upgraded by J.P. Morgan. In Tuesday, April 3 report JP Morgan upgraded the stock to “Neutral” rating. On Tuesday, October 31 Robert W. Baird maintained the shares of CGNX in report with “Neutral” rating. On Friday, December 8 Daiwa Securities upgraded Cognex Corporation (NASDAQ:CGNX) to “Buy” rating. On Tuesday, October 31 Canaccord Genuity maintained the shares of CGNX in report with “Hold” rating. On Tuesday, February 13 the firm earned “Buy” rating by Cowen & Co. On Wednesday, April 4 the rating was upgraded by Northcoast to “Buy”. On Wednesday, November 8 the firm earned “Sell” rating by J.P. Morgan.

Cognex Corporation (NASDAQ:CGNX) Institutional Investors Chart

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