Zacks Investment Research Downgrades Cognex (CGNX) to Sell

Lloyd Doyle
January 13, 2018

The Disciplined Growth Investors Inc holds 423,570 shares with $46.71M value, down from 802,275 last quarter. Cognex Corp now has $11.54 billion valuation. The stock decreased 0.55% or $0.37 during the last trading session, reaching $66.67. About 344,676 shares traded. It has outperformed by 114.30% the S&P500.

Welch & Forbes Llc decreased its stake in Cognex Corp (CGNX) by 2.78% based on its latest 2017Q3 regulatory filing with the SEC.

Marsico Capital Management Llc decreased Treehouse Foods Inc (NYSE:THS) stake by 101,228 shares to 48,450 valued at $3.28 million in 2017Q3. (NASDAQ:SOHU) for 5,806 shares. The stock increased 1.29% or $0.24 during the last trading session, reaching $18.79. About 502,139 shares traded. Inc. (NASDAQ:SOHU) has risen 19.17% since January 12, 2017 and is uptrending. It has outperformed by 34.75% the S&P500. Community Bankshares Na holds 0% in Cognex Corporation (NASDAQ:CGNX) or 100 shares. The firm has "Buy" rating given on Wednesday, August 2 by Cowen & Co. $849,597 worth of Cognex Corporation (NASDAQ:CGNX) was sold by Willett Robert on Friday, August 25. Canaccord Genuity downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, June 14 to "Hold" rating.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. (NASDAQ:ROST) has "Buy" rating given on Friday, November 17 by Cowen & Co. ValuEngine downgraded Cognex from a "hold" rating to a "sell" rating in a research report on Thursday, December 7th. The stock of Cognex Corporation (NASDAQ:CGNX) has "Buy" rating given on Thursday, December 8 by Deutsche Bank. The rating was downgraded by Compass Point to "Neutral" on Tuesday, August 8. The stock of Cognex Corporation (NASDAQ:CGNX) earned "Hold" rating by Canaccord Genuity on Monday, July 31. During the same period in the previous year, the business earned $0.31 EPS. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05.

Since August 3, 2017, it had 0 insider purchases, and 7 sales for $13.24 million activity. $556,565 worth of Cognex Corporation (NASDAQ:CGNX) was sold by ALIAS PATRICK on Tuesday, September 12. Also, Director Theodor Krantz sold 15,000 shares of the firm's stock in a transaction on Thursday, November 9th. Schneider Jerry A. sold $513,359 worth of stock.

Investors sentiment increased to 1.84 in 2017 Q3. Its down 0.28, from 1.33 in 2017Q2. It increased, as 8 investors sold NMI Holdings, Inc. shares while 30 reduced holdings. (NASDAQ:ROST). State Bank Of Nova Scotia has invested 0.03% in Ross Stores, Inc. Ifc Fl has invested 0.05% in Cognex Corporation (NASDAQ:CGNX). Argus Research upgraded the shares of NVS in report on Thursday, November 10 to "Buy" rating.

Analysts expect Cognex Corporation (NASDAQ:CGNX) to report $0.25 EPS on February, 15.They anticipate $0.03 EPS change or 13.64% from last quarter's $0.22 EPS. (NASDAQ:SOHU). Gsa Cap Prns Llp, a United Kingdom-based fund reported 56,313 shares. Art Advsr Ltd Company accumulated 17,700 shares. Thrivent For Lutherans owns 70,328 shares or 0.03% of their U.S. portfolio. Prudential Fin stated it has 358,686 shares.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Monday, October 30th. Ameriprise Financial Inc. now owns 2,342,312 shares of the scientific and technical instruments company's stock worth $198,864,000 after acquiring an additional 1,309,047 shares during the period. Paloma Prtn Mngmt Communications holds 0.04% or 23,367 shares. Ifc Incorporated Fl has 0.05% invested in Cognex Corporation (NASDAQ:CGNX). Northern, a Illinois-based fund reported 701,690 shares. It also reduced Cbs Corp New (NYSE:CBS) stake by 1.07M shares and now owns 1.82 million shares. Salesforce Com Inc (NYSE:CRM) was reduced too. Its down 0.28, from 1.33 in 2017Q2. The company's revenue for the quarter was up 75.6% on a year-over-year basis. equities analysts predict that Cognex will post 1.39 earnings per share for the current fiscal year. 72 funds opened positions while 196 raised stakes. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.05. Coatue Mngmt Limited Liability Corporation holds 1.02 million shares or 0.92% of its portfolio. SC's SI was 4.36M shares in January as released by FINRA. Grp stated it has 38,222 shares or 0% of all its holdings. Amp Capital Limited accumulated 51,633 shares. Pinnacle Limited invested 0.64% in NMI Holdings, Inc. (NASDAQ:TRMB). 2.05 million were reported by Ubs Asset Management Americas Inc. First Citizens Bankshares reported 0.19% stake. (NASDAQ:TRMB). Ing Groep Nv holds 0.01% or 13,074 shares. (NASDAQ:TRMB). 74,003 were reported by Stevens Mgmt Lp. Wright Investors Serv Inc owns 2,852 shares. Zeke Capital Advsrs Lc has invested 0.04% in Ross Stores, Inc. Atria Invs owns 4,713 shares. California Public Employees Retirement System owned 0.25% of Cognex worth $24,021,000 as of its most recent SEC filing. Canaccord Genuity maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, August 2 with "Hold" rating. Therefore 88% are positive. Ross Stores Inc. had 67 analyst reports since August 21, 2015 according to SRatingsIntel. Susquehanna initiated Ross Stores, Inc. The firm earned "Outperform" rating on Tuesday, November 3 by Credit Agricole. On Friday, September 29 the stock rating was maintained by Piper Jaffray with "Buy". The company was initiated on Friday, September 18 by Nomura. Compass Point maintained NMI Holdings, Inc. Piper Jaffray maintained the stock with "Buy" rating in Friday, October 27 report. The stock of Ross Stores, Inc. Robert W. Baird maintained the shares of CGNX in report on Tuesday, October 31 with "Neutral" rating.

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