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flag Cognex Co. shares drop, but major investors increase stakes despite missing earnings estimates.

flag Cognex Co., a scientific and technical instruments firm, saw its shares fall 0.3% in the fourth quarter, missing earnings estimates. flag Royce & Associates LP increased its stake to $49.48 million, while CBIZ Investment Advisory Services LLC boosted its holdings by 129.9%. flag Despite a recent decrease, Cognex has a "Hold" rating and a $44.83 target price, with a market cap of $5.35 billion and a P/E ratio of 51.66.

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