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Cognex Co. shares drop, but major investors increase stakes despite missing earnings estimates.
Cognex Co., a scientific and technical instruments firm, saw its shares fall 0.3% in the fourth quarter, missing earnings estimates.
Royce & Associates LP increased its stake to $49.48 million, while CBIZ Investment Advisory Services LLC boosted its holdings by 129.9%.
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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Las acciones de Cognex Co. caen, pero los inversores importantes aumentan las participaciones a pesar de las estimaciones de ganancias perdidas.