Bank of NY Mellon Amends Cognex Stake, Holds 7.7M Shares
Ticker: CGNX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 851205
| Field | Detail |
|---|---|
| Company | Cognex Corp (CGNX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Bank of NY Mellon updated its Cognex stake, now holding over 7.7 million shares with sole voting power.**
AI Summary
Bank of New York Mellon Corporation filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of Cognex Corporation's common stock as of December 31, 2023. The filing indicates that Bank of New York Mellon Corporation holds sole voting power over 7,733,394 shares and shared voting power over 1,455 shares. This update is important for investors as it shows a significant institutional holder's current stake, which can influence market perception and potentially signal confidence in Cognex's future performance.
Why It Matters
This filing reveals a major institutional investor's updated position in Cognex, which can impact investor sentiment and potentially influence the stock's trading activity.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate negative or positive risk for the company.
Analyst Insight
Investors should note that a major institution like Bank of New York Mellon Corporation holds a substantial position in Cognex, which could be seen as a vote of confidence. However, this filing is a routine update and doesn't necessarily signal an immediate buy or sell action.
Key Numbers
- 7,733,394 — Sole Voting Shares (Represents the number of Cognex shares Bank of New York Mellon Corporation can vote independently.)
- 1,455 — Shared Voting Shares (Represents the number of Cognex shares Bank of New York Mellon Corporation shares voting power over.)
Key Players & Entities
- Bank of New York Mellon Corporation (company) — reporting person and institutional investor
- Cognex Corporation (company) — issuer of the securities
- 7,733,394 (dollar_amount) — shares with sole voting power held by Bank of New York Mellon Corporation
- 1,455 (dollar_amount) — shares with shared voting power held by Bank of New York Mellon Corporation
- December 31, 2023 (date) — date of the event requiring the filing
- January 24, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- Bank of New York Mellon Corporation will maintain a significant stake in Cognex Corporation for the foreseeable future. (Bank of New York Mellon Corporation) — high confidence, target: 2025-12-31
FAQ
Who filed this SC 13G/A amendment?
The Bank of New York Mellon Corporation filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and 'Names of Reporting Persons' on the cover page.
What company's stock is the subject of this filing?
The subject company is Cognex Corporation, as stated under 'NAME OF ISSUER' and 'COMPANY CONFORMED NAME' in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
How many shares of Cognex Corporation's common stock does Bank of New York Mellon Corporation have sole voting power over?
Bank of New York Mellon Corporation has sole voting power over 7,733,394 shares of Cognex Corporation's common stock, as detailed under 'Sole Voting Power' on the cover page.
What is the CUSIP number for Cognex Corporation's common stock mentioned in this filing?
The CUSIP number for Cognex Corporation's common stock is 192422103, as listed under 'CUSIP NUMBER' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding COGNEX CORP (CGNX).