Joho Capital Lifted Cognex (CGNX) Stake by $51.78 Million as Share Price Declined; Denver Investment Advisors Upped Amerisourcebergen (ABC) Holding by $533,988

May 23, 2018 - By Peter Erickson

AmerisourceBergen Corporation (NYSE:ABC) Logo

Robert Karr increased its stake in Cognex Corp (CGNX) by 65.48% based on its latest 2017Q4 regulatory filing with the SEC. Joho Capital Llc bought 848,791 shares as the company’s stock declined 13.83% with the market. The hedge fund run by Robert Karr held 2.14 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $131.19 million, up from 1.30 million at the end of the previous reported quarter. Joho Capital Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $7.97B market cap company. The stock decreased 0.54% or $0.25 during the last trading session, reaching $46.09. About 461,526 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 23, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.




Denver Investment Advisors Llc increased its stake in Amerisourcebergen Corp (ABC) by 3.46% based on its latest 2017Q4 regulatory filing with the SEC. Denver Investment Advisors Llc bought 5,868 shares as the company’s stock declined 9.14% with the market. The hedge fund held 175,523 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $16.12M, up from 169,655 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $18.34B market cap company. The stock decreased 1.27% or $1.07 during the last trading session, reaching $83.44. About 354,749 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since May 23, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Denver Investment Advisors Llc, which manages about $9.81B and $2.01 billion US Long portfolio, decreased its stake in Big Lots Inc (NYSE:BIG) by 15,425 shares to 311,322 shares, valued at $17.48 million in 2017Q4, according to the filing. It also reduced its holding in Cno Financial Group Inc by 20,882 shares in the quarter, leaving it with 384,109 shares, and cut its stake in Radian Group Inc (NYSE:RDN).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. Avondale upgraded the shares of ABC in report on Tuesday, October 4 to “Mkt Outperform” rating. Zacks upgraded the shares of ABC in report on Tuesday, August 25 to “Hold” rating. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Market Perform” rating by Raymond James on Wednesday, January 6. The rating was maintained by Jefferies with “Hold” on Friday, November 3. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, September 14. As per Friday, October 27, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Hold” rating in Thursday, July 27 report. TheStreet upgraded AmerisourceBergen Corporation (NYSE:ABC) on Monday, July 27 to “Buy” rating. The rating was maintained by Needham with “Buy” on Thursday, February 8. The rating was maintained by Mizuho on Wednesday, January 24 with “Hold”.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Bizjournals.com which released: “Seven Pittsburgh-area companies on 2018’s Fortune 500 list” on May 22, 2018, also Seekingalpha.com with their article: “3Pea Is A Payment Processor With >40% Organic Growth Selling For Half Of Peer Multiples” published on May 23, 2018, Streetinsider.com published: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Key events next week – healthcare” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Trump to unveil drug pricing plan” with publication date: May 11, 2018.

More news for Cognex Corporation (NASDAQ:CGNX) were recently published by: Seekingalpha.com, which released: “Will Cognex Stock Keep Falling?” on May 09, 2018. Streetinsider.com‘s article titled: “Pre-Open Movers 05/01: (INGN) (KPTI) (NTRI) Higher; (IVAC) (CGNX) (KLXI) Lower (more…)” and published on May 01, 2018 is yet another important article.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) has “Neutral” rating given on Tuesday, October 31 by Robert W. Baird. CLSA downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, November 3 to “Outperform” rating. Canaccord Genuity maintained the shares of CGNX in report on Tuesday, August 2 with “Hold” rating. The firm earned “Hold” rating on Tuesday, October 31 by Canaccord Genuity. Canaccord Genuity upgraded Cognex Corporation (NASDAQ:CGNX) rating on Wednesday, November 18. Canaccord Genuity has “Buy” rating and $42 target. The rating was downgraded by J.P. Morgan on Monday, May 7 to “Sell”. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Friday, January 22 by Raymond James. The firm earned “Neutral” rating on Tuesday, April 3 by JP Morgan. The rating was maintained by Needham with “Buy” on Friday, February 17. The firm has “Underperform” rating by CSLA given on Thursday, March 24.

Investors sentiment increased to 6.53 in 2017 Q4. Its up 5.48, from 1.05 in 2017Q3. It increased, 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. Renaissance Lc reported 258,656 shares stake. Envestnet Asset Mngmt reported 58,080 shares or 0.01% of all its holdings. 9,900 are owned by Segall Bryant Hamill. Thompson Davis & Inc reported 100 shares. Columbia Wanger Asset Mgmt Limited Liability holds 0.75% or 822,000 shares in its portfolio. 60,772 are owned by Voya Inv Mgmt Ltd Llc. Public Employees Retirement Association Of Colorado accumulated 35,354 shares. Credit Suisse Ag invested 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Da Davidson And reported 0.01% stake. Swiss Fincl Bank holds 638,800 shares or 0.04% of its portfolio. Hightower Advsr Lc stated it has 0.01% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Korea Investment invested in 0% or 10,800 shares. Cibc Asset Management has 5,926 shares for 0% of their portfolio. Bessemer Gru holds 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 1,124 shares. Intrust Comml Bank Na has invested 0.22% in Cognex Corporation (NASDAQ:CGNX).

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

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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