Cognex Corp (CGNX) Stake Held by Chevy Chase Trust Holdings Inc

April 17, 2018 - By Bradley Stiles

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 6.53 in Q4 2017. Its up 5.48, from 1.05 in 2017Q3. It is positive, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Riverhead Cap Ltd Limited Liability Company holds 0.04% or 17,310 shares in its portfolio. Timessquare Cap Ltd Liability accumulated 0.13% or 318,000 shares. Ahl Prtn Limited Liability Partnership invested in 0.01% or 6,360 shares. Tru Co Of Vermont holds 200 shares or 0% of its portfolio. Moreover, Raymond James Services Advsr has 0.02% invested in Cognex Corporation (NASDAQ:CGNX) for 51,186 shares. Pennsylvania-based Northstar Asset Mngmt Lc has invested 0.64% in Cognex Corporation (NASDAQ:CGNX). Nomura Asset Mgmt Ltd stated it has 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 4,137 are held by Com Natl Bank. 233,413 are owned by Schroder Investment. Trexquant Inv Limited Partnership reported 69,488 shares. Greenleaf Tru holds 0% in Cognex Corporation (NASDAQ:CGNX) or 508 shares. Product Prns Limited Com reported 286,200 shares. Sit Invest Associates owns 16,100 shares. Point72 Asia (Hong Kong) holds 0.01% or 130 shares in its portfolio. Arete Wealth Advsr Ltd Liability Corporation, a Illinois-based fund reported 14,845 shares.

Since March 12, 2018, it had 0 insider buys, and 1 sale for $564,892 activity.

Chevy Chase Trust Holdings Inc increased its stake in Cognex Corp (CGNX) by 101.74% based on its latest 2017Q4 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc bought 565,975 shares as the company’s stock declined 13.83% with the market. The institutional investor held 1.12 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $68.64 million, up from 556,272 at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.92B market cap company. The stock increased 1.47% or $0.75 during the last trading session, reaching $51.6. About 642,267 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since April 17, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Chevy Chase Trust Holdings Inc, which manages about $23.22B US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 156,565 shares to 131,659 shares, valued at $35.13M in 2017Q4, according to the filing. It also reduced its holding in Regeneron Pharmaceuticals (NASDAQ:REGN) by 26,896 shares in the quarter, leaving it with 102,623 shares, and cut its stake in Merck & Co Inc (NYSE:MRK).

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 9 analysts covering Cognex (NASDAQ:CGNX), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Cognex had 11 analyst reports since October 31, 2017 according to SRatingsIntel. The company was maintained on Thursday, February 15 by Canaccord Genuity. As per Tuesday, April 3, the company rating was upgraded by J.P. Morgan. Robert W. Baird maintained Cognex Corporation (NASDAQ:CGNX) rating on Tuesday, October 31. Robert W. Baird has “Neutral” rating and $124 target. Goldman Sachs downgraded Cognex Corporation (NASDAQ:CGNX) rating on Tuesday, April 10. Goldman Sachs has “Hold” rating and $5500 target. The stock has “Neutral” rating by JP Morgan on Tuesday, April 3. On Tuesday, October 31 the stock rating was maintained by Canaccord Genuity with “Hold”. J.P. Morgan downgraded the shares of CGNX in report on Wednesday, November 8 to “Sell” rating. On Friday, December 8 the stock rating was upgraded by Daiwa Securities to “Buy”. On Tuesday, February 13 the stock rating was maintained by Cowen & Co with “Buy”. Northcoast upgraded Cognex Corporation (NASDAQ:CGNX) on Wednesday, April 4 to “Buy” rating.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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