As Cognex Corp (CGNX) Share Value Declined, Kylin Management LLC Boosted Its Holding by $108.43 Million

April 25, 2018 - By reb123z

Cognex Corporation (NASDAQ:CGNX) LogoInvestors sentiment increased to 6.53 in Q4 2017. Its up 5.48, from 1.05 in 2017Q3. It improved, 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. Marsico Capital Mngmt Limited Liability Company stated it has 0.06% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 377,022 were accumulated by Riverbridge Prns. New York State Common Retirement Fund has invested 0.12% in Cognex Corporation (NASDAQ:CGNX). Citigroup holds 0% or 18,328 shares. Prudential has 546,782 shares for 0.05% of their portfolio. Peak6 Investments Lp holds 0.01% or 20,588 shares. Intrust Commercial Bank Na has invested 0.22% in Cognex Corporation (NASDAQ:CGNX). D E Shaw & Company reported 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Fincl Bank Of Montreal Can owns 142,575 shares or 0.01% of their US portfolio. Verition Fund Management Limited accumulated 10,328 shares. 4.10 million are owned by Ameriprise Financial Inc. Illinois-based Thomas Story And Son Llc has invested 5.72% in Cognex Corporation (NASDAQ:CGNX). Gulf Bancorp (Uk) reported 0.04% in Cognex Corporation (NASDAQ:CGNX). Principal Finance Group Inc invested 0.04% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Mason Street Limited Liability Company accumulated 85,317 shares.

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

Ted Kang increased its stake in Cognex Corp (CGNX) by 149.43% based on its latest 2017Q4 regulatory filing with the SEC. Kylin Management Llc bought 1.78M shares as the company’s stock declined 13.83% with the market. The hedge fund run by Ted Kang held 2.97M shares of the industrial machinery and components company at the end of 2017Q4, valued at $181.46 million, up from 1.19 million at the end of the previous reported quarter. Kylin Management Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.37 billion market cap company. The stock decreased 2.58% or $1.28 during the last trading session, reaching $48.39. About 1.10 million shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since April 25, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Kylin Management Llc, which manages about $2.25 billion and $811.15 million US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 354,300 shares to 1.13M shares, valued at $195.14 million in 2017Q4, according to the filing. It also reduced its holding in Weibo Corp (NASDAQ:WB) by 90,000 shares in the quarter, leaving it with 783,300 shares, and cut its stake in Melco Resort Entertainment L (NASDAQ:MPEL).

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 stock has “Hold” rating by Goldman Sachs on Tuesday, April 10. The rating was upgraded by Daiwa Securities to “Buy” on Friday, December 8. On Thursday, February 15 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock has “Neutral” rating by JP Morgan on Tuesday, April 3. The company was upgraded on Tuesday, April 3 by J.P. Morgan. The firm earned “Neutral” rating on Tuesday, October 31 by Robert W. Baird. Northcoast upgraded the stock to “Buy” rating in Wednesday, April 4 report. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, October 31 report. The rating was downgraded by J.P. Morgan to “Sell” on Wednesday, November 8. The rating was maintained by Cowen & Co on Tuesday, February 13 with “Buy”.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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