Disciplined Growth Investors Cut Cognex Com (CGNX) Holding; Independent Bank Group (IBTX) Sentiment Is 1.67

November 15, 2017 - By Hazel Jackson

Independent Bank Group, Inc. is a bank holding company. The company has market cap of $1.75 billion. Through the Company’s subsidiary, Independent Bank , the Company provides a range of commercial banking services and products tailored to meet the needs of businesses, professionals and individuals. It has a 21.56 P/E ratio. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area.

Disciplined Growth Investors Inc decreased Cognex Corp Com (CGNX) stake by 10% reported in 2017Q2 SEC filing. Disciplined Growth Investors Inc sold 89,170 shares as Cognex Corp Com (CGNX)’s stock rose 18.92%. The Disciplined Growth Investors Inc holds 802,275 shares with $68.11M value, down from 891,445 last quarter. Cognex Corp Com now has $11.93B valuation. The stock increased 0.17% or $0.23 during the last trading session, reaching $137.73. About shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since November 15, 2016 and is uptrending. It has outperformed by 114.30% the S&P500.

Among 18 analysts covering Cognex Corporation (NASDAQ:CGNX), 7 have Buy rating, 2 Sell and 9 Hold. Therefore 39% are positive. Cognex Corporation has $13500 highest and $33 lowest target. $85.01’s average target is -38.28% below currents $137.73 stock price. Cognex Corporation had 34 analyst reports since August 4, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Hold” rating and $49 target in Tuesday, August 2 report. CLSA downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, November 3 to “Outperform” rating. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Tuesday, November 3 by Credit Agricole. As per Tuesday, November 1, the company rating was maintained by Needham. The firm earned “Market Perform” rating on Monday, June 6 by Bernstein. The company was maintained on Tuesday, October 31 by Robert W. Baird. The rating was initiated by Raymond James with “Outperform” on Friday, January 22. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, August 4. The firm has “Buy” rating by Deutsche Bank given on Thursday, December 8. The stock has “Hold” rating by Canaccord Genuity on Tuesday, November 3.

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.37, from 0.96 in 2017Q1. It improved, as 28 investors sold CGNX shares while 110 reduced holdings. 73 funds opened positions while 110 raised stakes. 74.34 million shares or 1.63% less from 75.58 million shares in 2017Q1 were reported. Jag Capital Ltd Llc owns 124,790 shares or 2.12% of their US portfolio. Natl Asset Mgmt Inc accumulated 4,015 shares. Oakbrook Investments Limited holds 5,750 shares or 0.03% of its portfolio. Utah Retirement System reported 15,200 shares. Usa Fincl Portformulas invested 0.24% in Cognex Corporation (NASDAQ:CGNX). Brown Brothers Harriman & Company has invested 0% in Cognex Corporation (NASDAQ:CGNX). Mason Street Advsrs Ltd stated it has 42,326 shares. 78 were reported by Carroll Financial Associate. Employees Retirement Association Of Colorado owns 17,387 shares. 6,110 were reported by Bokf Na. First Lp holds 0.05% in Cognex Corporation (NASDAQ:CGNX) or 215,500 shares. Ls Investment Advisors Lc, a Michigan-based fund reported 8,557 shares. Maverick reported 0.03% in Cognex Corporation (NASDAQ:CGNX). Verition Fund Mgmt reported 13,914 shares. Planning has 2,405 shares for 0.02% of their portfolio.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on February, 15. They expect $0.49 EPS, up 13.95% or $0.06 from last year’s $0.43 per share. CGNX’s profit will be $42.44M for 70.27 P/E if the $0.49 EPS becomes a reality. After $1.14 actual EPS reported by Cognex Corporation for the previous quarter, Wall Street now forecasts -57.02% negative EPS growth.

Disciplined Growth Investors Inc increased Akamai Technologies Com (NASDAQ:AKAM) stake by 7,575 shares to 1.65M valued at $81.98 million in 2017Q2. It also upped Nordstrom Inc (NYSE:JWN) stake by 822,038 shares and now owns 893,200 shares. Gigamon Inc (NYSE:GIMO) was raised too.

Since June 6, 2017, it had 0 insider purchases, and 1 insider sale for $720,695 activity. KRANTZ THEODOR sold 7,500 shares worth $720,695.

The stock increased 1.37% or $0.85 during the last trading session, reaching $62.85. About shares traded. Independent Bank Group Inc (IBTX) has risen 64.06% since November 15, 2016 and is uptrending. It has outperformed by 47.36% the S&P500.

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