Intech Investment Management Adds $7M in Cognex Corporation ($CGNX)
The fund doubled its holdings in Cognex, reflecting increased confidence in the company's prospects.
Key Points
- Intech Investment Management increased its stake in Cognex Corporation by 103.5%, adding 101,894 shares to hold a total of 200,345 shares.
- Cognex shares are trading around $63.61, with a market cap of approximately $10.59 billion and a P/E ratio of 74.8.
- Analysts have set varied price targets for Cognex, with recent updates from JP Morgan and Goldman Sachs maintaining a 'buy' rating.
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Intech Investment Management has significantly increased its investment in Cognex Corporation (NasdaqGS: CGNX). The fund boosted its holdings by 103.5%, adding 101,894 shares to bring its total to 200,345 shares. The value of this position is approximately $12.74 million, based on the latest Form 13F filing with the SEC, reflecting the fund's holdings as of the reporting period.
What Changed in Intech Investment Management's Cognex Position
Intech Investment Management more than doubled its stake in Cognex Corporation, increasing its holdings from 98,451 to 200,345 shares. This change represents an addition of 101,894 shares, marking a 103.5% increase in their position. The move indicates a strong vote of confidence in Cognex's future prospects.
Other Institutional Activity in Cognex Corporation
Among other notable institutional activities, BlackRock, Inc. slightly reduced its holdings by 35,018 shares, now holding 16,242,095 shares valued at about $795.7 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both significantly increased their stakes, adding 10,370,647 and 7,430,156 shares, respectively, bringing their total holdings to 10,370,647 shares valued at $508.1 million and 7,430,156 shares worth $364 million. On the other hand, Pictet Asset Management Holding SA and Nordea Investment Management AB reduced their positions by 340,153 and 1,959,965 shares, respectively.
Cognex Corporation Stock Up 19.8%
Shares of Cognex Corporation (NasdaqGS: CGNX) are trading around $63.61. The company has a market capitalization of approximately $10.59 billion. Its P/E ratio is 74.8, with a forward P/E of 36.1, and a beta of 1.514, indicating a higher volatility compared to the market. The stock has seen a 52-week low of $29.22 and a high of $71.90, with a 50-day moving average of $59.63 and a 200-day moving average of $47.73.
$CGNX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Cognex Corporation reported revenues of $1.05 billion, with a year-over-year growth rate of 24.3%. The company achieved a net margin of 13.6% and a return on equity of 9.7%. Earnings per share stood at $0.85. The next earnings report is scheduled for May 6, 2026.
Dividend
Cognex Corporation pays an annual dividend of $0.34 per share, yielding 0.53%. The dividend payout ratio is 38.8%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Cognex Corporation
Vice President Darren Marc Long was involved in several transactions on May 27, 2026. He sold 18,673 shares and later bought the same amount at an average price of $51.99. Additionally, he sold 20,252 shares at $66.34 per share. Earlier, on February 17, 2026, Long acquired 7,231 and 11,211 shares without a specified price.
Analysts Set New Price Targets
On May 26, 2026, JP Morgan upgraded Cognex to a 'buy' with a $75 price target. Goldman Sachs and Barclays maintained their 'buy' ratings with targets of $80 and $75, respectively, on May 11, 2026. DA Davidson and Citigroup maintained 'hold' ratings with targets of $62 and $68.
About Cognex Corporation
Cognex Corporation, headquartered in Natick, Massachusetts, operates within the technology sector, focusing on scientific and technical instruments. The company provides machine vision products that help automate manufacturing and distribution processes across various industries, including automotive, logistics, and consumer electronics. Cognex's offerings include VisionPro software, vision systems, and DataMan barcode readers, serving clients worldwide.
Bottom Line
Intech Investment Management's decision to more than double its stake in Cognex Corporation suggests a strong belief in the company's growth potential. While 13F filings are backward-looking, they provide insight into institutional sentiment and investment strategies. Investors often track such filings to gauge market trends and institutional confidence.
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