First Citizens Bank & Trust Co Lowered Its Cognex (CGNX) Stake; Last Week TechnipFMC plc (FTI) Analysts

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First Citizens Bank & Trust Co decreased Cognex Corp (CGNX) stake by 48.71% reported in 2017Q4 SEC filing. First Citizens Bank & Trust Co sold 6,390 shares as Cognex Corp (CGNX)’s stock declined 13.83%. The First Citizens Bank & Trust Co holds 6,729 shares with $412,000 value, down from 13,119 last quarter. Cognex Corp now has $8.35 billion valuation. The stock increased 1.86% or $0.88 during the last trading session, reaching $48.27. About 1.41M shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 17, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Among 33 analysts covering FMC Technologies (NYSE:FTI), 19 have Buy rating, 2 Sell and 12 Hold. Therefore 58% are positive. FMC Technologies had 101 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, February 18, the company rating was maintained by Cowen & Co. The company was initiated on Wednesday, February 1 by Barclays Capital. The stock of TechnipFMC plc (NYSE:FTI) has “Hold” rating given on Friday, July 31 by Deutsche Bank. RBC Capital Markets maintained TechnipFMC plc (NYSE:FTI) on Friday, October 6 with “Buy” rating. As per Monday, September 25, the company rating was maintained by Piper Jaffray. The stock has “Neutral” rating by Credit Suisse on Friday, September 4. On Wednesday, September 9 the stock rating was maintained by Macquarie Research with “Neutral”. Citigroup upgraded the shares of FTI in report on Monday, October 2 to “Buy” rating. The stock of TechnipFMC plc (NYSE:FTI) has “Buy” rating given on Friday, October 6 by Cowen & Co. The firm has “Buy” rating by KLR Group given on Monday, December 14. See TechnipFMC plc (NYSE:FTI) latest ratings:

13/04/2018 Broker: Susquehanna Rating: Buy New Target: $39.0000 Maintain
13/04/2018 Broker: Cowen & Co Rating: Buy New Target: $38.0000 Maintain
12/04/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
26/02/2018 Broker: Barclays Capital Rating: Hold New Target: $32.0
23/02/2018 Broker: Susquehanna Rating: Buy New Target: $38.0 Maintain
22/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $33.0 Maintain
22/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $36.0 Maintain
29/01/2018 Broker: Societe Generale Old Rating: Buy New Rating: Hold Downgrade
15/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $34.0 Maintain
12/01/2018 Broker: Susquehanna Rating: Buy New Target: $39.0 Maintain

First Citizens Bank & Trust Co increased Yum Brands Inc (NYSE:YUM) stake by 5,253 shares to 21,759 valued at $1.78 million in 2017Q4. It also upped Ishares Tr (IEFA) stake by 11,657 shares and now owns 139,204 shares. Applied Matls Inc (NASDAQ:AMAT) was raised too.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on July, 30. They expect $0.30 EPS, down 3.23% or $0.01 from last year’s $0.31 per share. CGNX’s profit will be $51.88 million for 40.23 P/E if the $0.30 EPS becomes a reality. After $0.21 actual EPS reported by Cognex Corporation for the previous quarter, Wall Street now forecasts 42.86% EPS growth.

Investors sentiment increased to 6.53 in 2017 Q4. Its up 5.48, from 1.05 in 2017Q3. It is positive, 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. D E Shaw Incorporated owns 14,931 shares. Moreover, Benjamin F Edwards And Inc has 0% invested in Cognex Corporation (NASDAQ:CGNX) for 230 shares. Rmb Capital Llc invested in 19,968 shares or 0.03% of the stock. C M Bidwell Assocs, a Hawaii-based fund reported 9,795 shares. Welch & Forbes Lc reported 0.77% stake. State Of Tennessee Treasury Department holds 0.05% or 170,000 shares in its portfolio. Natixis owns 0.01% invested in Cognex Corporation (NASDAQ:CGNX) for 31,882 shares. Arete Wealth Advsr Limited owns 0.3% invested in Cognex Corporation (NASDAQ:CGNX) for 14,845 shares. Boston Private Wealth Ltd Liability reported 0.04% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Pictet Asset Mgmt Ltd invested in 1.22 million shares or 0.19% of the stock. Advisory Service Ntwk Llc has 0.03% invested in Cognex Corporation (NASDAQ:CGNX) for 5,620 shares. Joho Cap Limited invested in 33.75% or 2.14M shares. 567 are held by Assetmark Inc. Albion Fincl Ut holds 0.06% or 6,682 shares in its portfolio. Cannell Peter B Company has 11,500 shares.

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Seekingalpha.com which released: “Will Cognex Stock Keep Falling?” on May 09, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Cognex Corporation (CGNX), Tenet Healthcare Corp (THC) and Tesla Inc (TSLA)” published on May 01, 2018, Nasdaq.com published: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” on May 14, 2018. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Streetinsider.com and their article: “Pre-Open Movers 05/01: (INGN) (KPTI) (NTRI) Higher; (IVAC) (CGNX) (KLXI) Lower (more…)” published on May 01, 2018 as well as Vendingmarketwatch.com‘s news article titled: “The Rise of the Robot: Investing In Disruptive Automation” with publication date: May 16, 2018.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation has $13500 highest and $33 lowest target. $54.01’s average target is 11.89% above currents $48.27 stock price. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Neutral” rating and $40 target in Tuesday, May 1 report. The stock of Cognex Corporation (NASDAQ:CGNX) has “Hold” rating given on Tuesday, April 3 by J.P. Morgan. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 2. Deutsche Bank initiated Cognex Corporation (NASDAQ:CGNX) on Thursday, December 8 with “Buy” rating. Robert W. Baird maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, October 31 with “Neutral” rating. The firm has “Buy” rating by Nomura given on Friday, September 18. CLSA downgraded the stock to “Outperform” rating in Tuesday, November 3 report. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, November 3. The firm has “Underperform” rating by CSLA given on Thursday, March 24. JP Morgan upgraded the stock to “Neutral” rating in Tuesday, April 3 report.

Since March 12, 2018, it had 0 insider purchases, and 1 insider sale for $564,892 activity. Shares for $564,892 were sold by SUN ANTHONY on Monday, March 12.

The stock increased 3.78% or $1.21 during the last trading session, reaching $33.18. About 4.12M shares traded or 26.67% up from the average. TechnipFMC plc (NYSE:FTI) has declined 7.67% since May 17, 2017 and is downtrending. It has underperformed by 19.22% the S&P500.

TechnipFMC plc provides technologies, systems, and services for gas and oil projects worldwide. The company has market cap of $15.33 billion. It operates in three divisions: Subsea, Onshore/Offshore, and Surface Projects. It has a 138.25 P/E ratio. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart