Federated Hermes 13F: Cuts Cognex (CGNX) Stake by $7M

Federated Hermes has reduced its holdings in Cognex Corporation (NasdaqGS: CGNX) by 97,062 shares, as disclosed in its latest 13F filing with the SEC. This adjustment reflects a 7.2% decrease, leaving the investment firm with 1,245,953 shares valued at approximately $84.2 million as of the reporting period.

What Changed in Federated Hermes's Cognex Position

Federated Hermes trimmed its stake in Cognex Corporation by 97,062 shares, bringing its total to 1,245,953 shares. This move represents a 7.2% decrease from its previous holding of 1,343,015 shares, valued at around $84.2 million.

Other Institutional Activity in Cognex Corporation

Among other institutional investors, BlackRock, Inc. reduced its holdings in Cognex by 35,018 shares, ending with 16,242,095 shares worth about $795.7 million. Vanguard Portfolio Management LLC opened a new position with 10,370,647 shares valued at $508.1 million. Similarly, Vanguard Capital Management LLC also initiated a stake with 7,430,156 shares, valued at $364.0 million. On the other hand, Pictet Asset Management Holding SA reduced its position by 340,153 shares, holding 6,673,031 shares worth approximately $326.8 million. Nordea Investment Management AB significantly cut its holdings by 1,959,965 shares, now holding 6,141,618 shares valued at $292.2 million.

Cognex Corporation Stock Up 26.5%

Shares of Cognex Corporation traded near $67.60 on Tuesday. The company has a market cap of about $11.25 billion and a P/E ratio of 79.53. Its beta stands at 1.514, indicating higher volatility compared to the market. The stock's 52-week range has been between $29.22 and $71.90, with a 50-day moving average of $60.79 and a 200-day moving average of $48.16. Cognex maintains a strong current ratio of 3.643 and a quick ratio of 2.574, with a low debt-to-equity ratio of 5.005.

Recent Earnings

Cognex reported revenue of $1.05 billion, growing 24.3% year-over-year. The company's earnings per share (EPS) stood at $0.85. It achieved a net margin of 13.6% and a return on equity (ROE) of 9.75%. The next earnings report is scheduled for July 29, 2026.

Dividend

Cognex Corporation pays an annual dividend of $0.34 per share, yielding 0.51%. The dividend payout ratio is 38.82%.

Insider Buying and Selling at Cognex Corporation

Vice President Darren Marc Long was active in trading Cognex shares on May 27, 2026. He sold 18,673 shares, and also bought 18,673 shares at an average price of $51.99, along with other transactions earlier in the year.

Analysts Set New Price Targets

On May 26, 2026, JP Morgan upgraded Cognex to a "buy" rating with a $75 price target. Goldman Sachs maintained its "buy" rating with an $80 target on May 11, 2026. Barclays also maintained a "buy" rating with a $75 target. The consensus among 20 analysts is a "buy" rating, with a mean target price of $76.25.

About Cognex Corporation

Cognex Corporation is a technology company based in Natick, Massachusetts. It specializes in machine vision products that automate manufacturing and distribution tasks worldwide. The company's offerings include VisionPro software, vision systems, and the In-Sight product line, serving industries such as automotive, logistics, and consumer electronics. Cognex was founded in 1981 and employs around 2,745 people under the leadership of CEO Mr. Matthew Moschner.

Bottom Line

Federated Hermes's reduction in Cognex Corporation shares reflects a strategic adjustment. Investors often track these filings to gauge fund sentiment, but it's important to remember that 13F filings are backward-looking. Cognex's stock remains a focus for analysts, with recent price target updates suggesting varied outlooks.