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Wallace Capital Management Has Boosted Its Johnson & Johnson (JNJ) Stake; Cognex (CGNX) SI Decreased By 26.96%

Wallace Capital Management Inc increased Johnson & Johnson (JNJ) stake by 2.27% reported in 2017Q3 SEC filing. Wallace Capital Management Inc acquired 2,418 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Wallace Capital Management Inc holds 108,870 shares with $14.15M value, up from 106,452 last quarter. Johnson & Johnson now has $354.67B valuation. The stock increased 1.62% or $2.11 during the last trading session, reaching $132.02. About 5.13 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 25, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Cognex Corporation (NASDAQ:CGNX) had a decrease of 26.96% in short interest. CGNX’s SI was 2.65 million shares in February as released by FINRA. Its down 26.96% from 3.62 million shares previously. With 1.55 million avg volume, 2 days are for Cognex Corporation (NASDAQ:CGNX)’s short sellers to cover CGNX’s short positions. The stock decreased 0.59% or $0.32 during the last trading session, reaching $54.2. About 2.13M shares traded or 2.44% up from the average. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since February 25, 2017 and is uptrending. It has outperformed by 114.30% the S&P500.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.28, from 1.33 in 2017Q2. It is negative, as 23 investors sold Cognex Corporation shares while 135 reduced holdings. 55 funds opened positions while 111 raised stakes. 72.84 million shares or 2.02% less from 74.34 million shares in 2017Q2 were reported. Blair William & Il stated it has 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Sg Americas Secs Ltd Co reported 4,858 shares stake. 6,288 were reported by Asset. Moreover, Fred Alger Mngmt has 0.23% invested in Cognex Corporation (NASDAQ:CGNX) for 445,094 shares. 12,050 were accumulated by Northstar Asset Management Ltd Liability Corporation. Morgan Stanley has invested 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). The United Kingdom-based Ahl Prns Limited Liability Partnership has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Perigon Wealth Limited Liability Corp stated it has 0.09% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 162 are owned by Hartford Mgmt. Louisiana State Employees Retirement Systems invested in 0.12% or 23,100 shares. Metropolitan Life Insur Ny has invested 0.06% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Arizona State Retirement System holds 49,099 shares or 0.06% of its portfolio. Jag Cap Lc invested 2.57% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Scout Invs invested in 35,575 shares or 0.11% of the stock. Secor Advsr L P invested in 30,069 shares or 0.32% of the stock.

Since August 25, 2017, it had 0 insider buys, and 2 sales for $1.30 million activity. J BRUCE ROBINSON sold 7,000 shares worth $745,529. Another trade for 5,000 shares valued at $556,565 was made by ALIAS PATRICK on Tuesday, September 12. Another trade for 8,241 shares valued at $849,597 was made by Willett Robert on Friday, August 25.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company has market cap of $9.41 billion. The firm offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. It has a 54.75 P/E ratio. The Company’s products include VisionPro, a software suite that provides various vision tools for programming; displacement sensors with vision software for use in 3D application; In-Sight vision systems that perform various vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance; In-Sight vision sensors; ID products, which are used for reading codes that are applied on discrete items during the manufacturing process, as well as have applications in logistics automation for package sorting and distribution; DataMan barcode readers; barcode verifiers; vision-enabled mobile terminals for industrial barcode reading applications; and barcode scanning software development kits.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Cognex Corporation had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Deutsche Bank on Thursday, December 8. The company was maintained on Friday, February 17 by Needham. Needham maintained the shares of CGNX in report on Tuesday, November 1 with “Buy” rating. The firm earned “Outperform” rating on Monday, November 7 by CLSA. The rating was maintained by Canaccord Genuity on Tuesday, August 2 with “Hold”. The stock of Cognex Corporation (NASDAQ:CGNX) has “Underperform” rating given on Tuesday, August 2 by CLSA. As per Tuesday, November 3, the company rating was maintained by Canaccord Genuity. The stock of Cognex Corporation (NASDAQ:CGNX) has “Buy” rating given on Friday, April 1 by Canaccord Genuity. The rating was downgraded by Credit Agricole on Tuesday, November 3 to “Outperform”. J.P. Morgan downgraded it to “Sell” rating and $125.0 target in Wednesday, November 8 report.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity. $20.17 million worth of Johnson & Johnson (NYSE:JNJ) shares were sold by Stoffels Paulus.

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