Chevy Chase Trust Holdings INC Has Upped Its Cognex Corp (CGNX) Stake by $34.52 Million

April 17, 2018 - By Darrin Black

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. United Kingdom-based Polar Capital Llp has invested 0.32% in Cognex Corporation (NASDAQ:CGNX). Kbc Gp Nv holds 0.05% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 97,136 shares. Aqr Mngmt Limited Liability Com invested in 0.01% or 176,662 shares. 31,882 are owned by Natixis. Plante Moran Financial Advsrs Ltd Company holds 44 shares or 0% of its portfolio. California-based Aperio Grp Inc Limited Com has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Pictet Asset Mngmt Limited holds 0.19% or 1.22 million shares. Ogorek Anthony Joseph New York Adv invested in 94 shares. Columbia Wanger Asset Mgmt Ltd Com holds 0.75% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 822,000 shares. Moreover, Institute For Wealth Management Llc has 0.06% invested in Cognex Corporation (NASDAQ:CGNX) for 4,490 shares. New Mexico Educational Retirement Board has 42,856 shares. Northwestern Mutual Wealth Management Commerce accumulated 821 shares or 0% of the stock. Architects Incorporated, a New Jersey-based fund reported 3,125 shares. Caprock Grp stated it has 0.06% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 18,328 are owned by Citigroup.

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 $8.92 billion 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 $23.22 billion US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 124,319 shares to 1.37M shares, valued at $99.40M 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 Spdr S&P 500 Etf Tr (SPY).

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 rating was maintained by Robert W. Baird on Tuesday, October 31 with “Neutral”. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, October 31 report. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Northcoast on Wednesday, April 4. Cowen & Co maintained it with “Buy” rating and $70.0 target in Tuesday, February 13 report. The firm has “Hold” rating given on Tuesday, April 3 by J.P. Morgan. On Tuesday, April 10 the stock rating was downgraded by Goldman Sachs to “Hold”. The stock has “Buy” rating by Daiwa Securities on Friday, December 8. The firm has “Sell” rating given on Wednesday, November 8 by J.P. Morgan. The rating was upgraded by JP Morgan on Tuesday, April 3 to “Neutral”. The rating was maintained by Canaccord Genuity on Thursday, February 15 with “Hold”.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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