Kylin Management LLC Increased Stake in Cognex Corp (CGNX) as Shares Declined

April 22, 2018 - By Samuel McNeil

Cognex Corporation (NASDAQ:CGNX) Corporate LogoDuring 2017 Q4 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 CGNX ratio improved. 262 rose positions while 84 funds amassed positions. Funds hold 268.44 million shares thus 268.52% more from 2017Q3’s 72.84 million shares. Pinnacle Associate Limited has invested 2.11% in Cognex Corporation (NASDAQ:CGNX). Sumitomo Mitsui Trust has invested 0.04% of its capital in Cognex Corporation (NASDAQ:CGNX). Dupont Cap Management Corporation reported 9,838 shs or 0.01% of all its holdings. Bnp Paribas Asset Management Sa, France-based fund reported 6,344 shs. Ahl Prtnrs Llp owns 6,360 shs for 0.01% of their capital. Institute For Wealth Mgmt Lc has invested 0.06% in Cognex Corporation (NASDAQ:CGNX). Federated Investors Inc Pa, Pennsylvania-based fund reported 833,354 shs. Ameriprise holds 0.12% of its capital in Cognex Corporation (NASDAQ:CGNX) for 4.10M shs. 50 are owned by Delta Asset Mgmt Ltd Liability Tn. Jane Street Gru Ltd Liability Company has invested 0% of its capital in Cognex Corporation (NASDAQ:CGNX). Apg Asset Nv has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Thompson Inv Mngmt invested in 0.14% or 13,000 shs. Georgia-based Atlantic Tru Group Inc Ltd Liability Corp has invested 0% in Cognex Corporation (NASDAQ:CGNX). Wells Fargo And Mn, California-based fund reported 531,037 shs. Nomura Incorporated owns 4,130 shs.

CGNX had 1 insider sale and 0 insider purchases since March 12, 2018. This’s net activity of $564,892.

Based on the latest 2017Q4 regulatory filing with the SEC, Ted Kang increased its stake in Cognex Corp (CGNX) by 149.43%. By buying 1.78 million shares Kylin Management Llc made the stock sank with 13.83%. The industrial machinery and components company at the end of 2017Q4 was valued at $181.46M. It’s up from 1.19 million at the end of the previous reported quarter. Now it had 2.97M shares held by the hedge fund run by Ted Kang. Cognex Corp has $8.80B MC. The stock increased 2.41% or $1.2 during the last trading session, touching $50.9.Cognex Corporation has volume of 2.24M shares. Since April 22, 2017 CGNX has risen 31.99% and is uptrending. The stock outperformed the S&P500 by 20.44%.

About $2.25 billion and $811.15M US Long portfolio the Kylin Management Llc manages. According to a filing the fund reduced its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 871,900 shares to 515,100 shares, valued at $22.72M in 2017Q4. Kylin Management Llc has cut its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) and also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 354,300 shares in the quarter, for a total of 1.13 million shares.

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. (NASDAQ:CGNX) has 11 ratings reports on 22 Apr 2018 according to StockzIntelligence. On Friday, December 8 the stock has “Buy” rating by Daiwa Securities. On Tuesday, February 13 the firm has “Buy” rating given by Cowen & Co. On Thursday, February 15 the rating was maintained by Canaccord Genuity with “Hold”. The stock rating was maintained by Robert W. Baird with “Neutral” on Tuesday, October 31. On Tuesday, April 3 the rating was upgraded by J.P. Morgan to “Hold”. On Wednesday, April 4 the firm earned “Buy” rating by Northcoast. On Tuesday, April 3 the rating was upgraded by JP Morgan to “Neutral”. The stock rating was downgraded by J.P. Morgan to “Sell” on Wednesday, November 8. In Tuesday, April 10 report Goldman Sachs downgraded the stock to “Hold” rating. On Tuesday, October 31 Canaccord Genuity maintained the shares of CGNX in report with “Hold” rating.

Cognex Corporation (NASDAQ:CGNX) Institutional Investors Chart

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