Capital One National Association Cut Cognex (CGNX) Position as Market Valuation Declined …



July 13, 2018 – By Ricky Cave

Cognex Corporation (NASDAQ:CGNX) Logo

Capital One National Association decreased its stake in Cognex Corp (CGNX) by 52.88% based on its latest 2018Q1 regulatory filing with the SEC. Capital One National Association sold 10,719 shares as the company’s stock declined 13.31% with the market. The institutional investor held 9,551 shares of the industrial machinery and components company at the end of 2018Q1, valued at $497,000, down from 20,270 at the end of the previous reported quarter. Capital One National Association who had been investing in Cognex Corp for a number of months, seems to be less bullish one the $7.91B market cap company. The stock increased 0.62% or $0.28 during the last trading session, reaching $45.74. About 459,160 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 0.46% since July 13, 2017 and is uptrending. It has underperformed by 12.11% the S&P500.

Permit Capital Llc increased its stake in Gamestop Corp New (GME) by 42.86% based on its latest 2018Q1 regulatory filing with the SEC. Permit Capital Llc bought 300,000 shares as the company’s stock declined 21.21% with the market. The hedge fund held 1.00M shares of the electronics distribution company at the end of 2018Q1, valued at $12.62M, up from 700,000 at the end of the previous reported quarter. Permit Capital Llc who had been investing in Gamestop Corp New for a number of months, seems to be bullish on the $1.56 billion market cap company. The stock increased 1.46% or $0.22 during the last trading session, reaching $15.31. About 1.46 million shares traded. GameStop Corp. (NYSE:GME) has declined 46.36% since July 13, 2017 and is downtrending. It has underperformed by 58.93% the S&P500. Some Historical GME News: 29/05/2018 – iPhone Blog: Pre-order the GameStop-exclusive Hylian Shield edition of the New Nintendo 2DS XL; 28/03/2018 – GameStop 4Q Loss/Shr $1.04; 29/05/2018 – Nintendo News: Legendary New Nintendo 2DS XL System Coming Exclusively to GameStop Stores on July 2; 16/05/2018 – Hedge fund Tiger sends letter to GameStop urging retailer to adopt a turnaround plan; 22/04/2018 – DJ GameStop Corp Class A, Inst Holders, 1Q 2018 (GME); 11/05/2018 – GAMESTOP NAMES DANIEL A. DEMATTEO AS INTERIM CEO, RESIGNATION; 11/05/2018 – GameStop Had Named Mauler CEO in February; 28/03/2018 – GAMESTOP SEES FY COMP SALES -5% TO 0%; 28/03/2018 – GAMESTOP CORP QTRLY CONSOLIDATED COMPARABLE STORE SALES GROWTH OF 12.2%; 11/05/2018 – GameStop: Mauler Resignation Not Due to Any Disagreement on Financial Reporting, Policies, Practices

Capital One National Association, which manages about $1.43 billion US Long portfolio, upped its stake in Brown Forman Corp (NYSE:BF.B) by 20,328 shares to 133,864 shares, valued at $7.28M in 2018Q1, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VCSH) by 168,391 shares in the quarter, for a total of 497,395 shares, and has risen its stake in Sysco Corp (NYSE:SYY).

Another recent and important Cognex Corporation (NASDAQ:CGNX) news was published by Seekingalpha.com which published an article titled: “A Buyable Dip In Cognex?” on June 23, 2018.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 3 by J.P. Morgan. The firm has “Underperform” rating given on Thursday, March 24 by CSLA. On Tuesday, November 3 the stock rating was downgraded by Credit Agricole to “Outperform”. The stock of Cognex Corporation (NASDAQ:CGNX) has “Sell” rating given on Monday, May 7 by J.P. Morgan. Canaccord Genuity maintained Cognex Corporation (NASDAQ:CGNX) rating on Monday, July 31. Canaccord Genuity has “Hold” rating and $9500 target. Daiwa Securities upgraded the shares of CGNX in report on Friday, December 8 to “Buy” rating. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, November 11. Robert W. Baird maintained Cognex Corporation (NASDAQ:CGNX) rating on Tuesday, May 1. Robert W. Baird has “Neutral” rating and $40 target. The stock has “Buy” rating by Canaccord Genuity on Wednesday, November 18. The firm has “Hold” rating given on Tuesday, April 10 by Goldman Sachs.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 5.79, from 6.53 in 2017Q4. It dropped, as 64 investors sold CGNX shares while 145 reduced holdings. 50 funds opened positions while 104 raised stakes. 140.09 million shares or 47.81% less from 268.44 million shares in 2017Q4 were reported. Shell Asset Management Co reported 112,256 shares stake. Millennium Mngmt Limited Liability owns 0% invested in Cognex Corporation (NASDAQ:CGNX) for 4,664 shares. Advisor Ptnrs Limited Liability owns 0.04% invested in Cognex Corporation (NASDAQ:CGNX) for 4,278 shares. North Carolina-based Captrust Advsr has invested 0% in Cognex Corporation (NASDAQ:CGNX). Old Mutual Global Invsts (Uk) reported 0.35% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Ledyard Natl Bank invested 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX). The Japan-based Nomura Hldgs Inc has invested 0% in Cognex Corporation (NASDAQ:CGNX). Shine Invest Advisory holds 0.01% or 198 shares in its portfolio. Eagle Asset Inc holds 0.67% or 2.37M shares. Amundi Pioneer Asset Management holds 61,070 shares or 0.01% of its portfolio. Jaffetilchin Investment Partners Lc has invested 0.07% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Public Employees Retirement Systems Of Ohio owns 145,634 shares or 0.04% of their US portfolio. Conestoga Cap Advisors Limited holds 0.04% or 20,519 shares. Credit Suisse Ag accumulated 0.06% or 1.21M shares. D E Shaw Co Inc stated it has 149,157 shares or 0.01% of all its holdings.

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

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on July, 30 after the close. They expect $0.30 earnings per share, down 3.23% or $0.01 from last year’s $0.31 per share. CGNX’s profit will be $51.89 million for 38.12 P/E if the $0.30 EPS becomes a reality. After $0.21 actual earnings per share reported by Cognex Corporation for the previous quarter, Wall Street now forecasts 42.86% EPS growth.

More important recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “GameStop: One Man’s Trash Is Another Man’s Treasure” on July 09, 2018, also Seekingalpha.com published article titled: “GameStop Is A Value Gem At These Prices”, Seekingalpha.com published: “Excitement About GameStop For The Wrong Reasons” on June 25, 2018. More interesting news about GameStop Corp. (NYSE:GME) was released by: Fool.com and their article: “2 Terrible Stocks I’d Avoid” with publication date: July 12, 2018.

Investors sentiment decreased to 1.11 in Q1 2018. Its down 0.35, from 1.46 in 2017Q4. It is negative, as 43 investors sold GME shares while 79 reduced holdings. 48 funds opened positions while 88 raised stakes. 103.63 million shares or 4.81% less from 108.87 million shares in 2017Q4 were reported. 1.27M are owned by First Tru L P. Tower Rech Capital Ltd Liability Company (Trc) invested in 0.04% or 35,878 shares. Parallax Volatility Advisers Lp holds 0% in GameStop Corp. (NYSE:GME) or 37,409 shares. Moreover, Groesbeck Corporation Nj has 0.85% invested in GameStop Corp. (NYSE:GME) for 92,950 shares. Cadence Management Ltd Llc owns 106,428 shares or 0.09% of their US portfolio. Supplemental Annuity Collective Tru Of Nj holds 0.11% or 20,000 shares in its portfolio. Voya Management Ltd Llc holds 0% or 26,270 shares. Amer Natl Ins Company Tx holds 0.05% of its portfolio in GameStop Corp. (NYSE:GME) for 77,050 shares. Oz Mgmt LP invested in 0% or 60,000 shares. Moreover, Vanguard Grp has 0% invested in GameStop Corp. (NYSE:GME). Tiger Limited Liability reported 25,000 shares stake. Rafferty Asset Mngmt Ltd Limited Liability Company has invested 0% in GameStop Corp. (NYSE:GME). Metropolitan Life Ins Ny holds 0% in GameStop Corp. (NYSE:GME) or 29,181 shares. Cambridge Invest Advisors accumulated 0.01% or 41,309 shares. Ontario Teachers Pension Plan Board owns 356,512 shares or 0.07% of their US portfolio.

Permit Capital Llc, which manages about $370.20M and $180.01M US Long portfolio, decreased its stake in Viacom Inc New (NASDAQ:VIAB) by 65,000 shares to 275,000 shares, valued at $8.54M in 2018Q1, according to the filing.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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