Todd Asset Management Continues to Hold Stake in Suntrust Banks (STI); As Cognex Corp. (CGNX) Valuation Rose, Navellier & Associates Has Boosted by $2.67 Million Its Holding

January 19, 2018 - By Henry Gaston

Louis Navellier increased its stake in Cognex Corp. (CGNX) by 27.9% based on its latest 2017Q3 regulatory filing with the SEC. Navellier & Associates Inc bought 24,310 shares as the company’s stock rose 18.92% with the market. The hedge fund run by Louis Navellier held 111,432 shares of the industrial machinery and components company at the end of 2017Q3, valued at $12.29M, up from 87,122 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Cognex Corp. for a number of months, seems to be bullish on the $11.82 billion market cap company. The stock decreased 0.18% or $0.12 during the last trading session, reaching $68.27. About 1.40 million shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since January 19, 2017 and is uptrending. It has outperformed by 114.30% the S&P500.

Todd Asset Management Llc increased its stake in Suntrust Banks Inc (STI) by 4.82% based on its latest 2017Q3 regulatory filing with the SEC. Todd Asset Management Llc bought 25,840 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 561,729 shares of the finance company at the end of 2017Q3, valued at $33.57M, up from 535,889 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be bullish on the $32.34B market cap company. The stock decreased 0.60% or $0.41 during the last trading session, reaching $67.94. About 3.72 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since January 19, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Since August 3, 2017, it had 0 insider buys, and 7 insider sales for $13.24 million activity. $1.01M worth of Cognex Corporation (NASDAQ:CGNX) was sold by KRANTZ THEODOR on Monday, August 14. ALIAS PATRICK had sold 5,000 shares worth $556,565. Schneider Jerry A. sold 5,000 shares worth $513,359. On Tuesday, September 5 the insider J BRUCE ROBINSON sold $745,529.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.28, from 1.33 in 2017Q2. It dived, as 23 investors sold CGNX shares while 135 reduced holdings. 55 funds opened positions while 111 raised stakes. 72.84 million shares or 2.02% less from 74.34 million shares in 2017Q2 were reported. Lord Abbett Com Lc stated it has 0.15% in Cognex Corporation (NASDAQ:CGNX). Proshare Advsr Lc has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Eagle Boston Invest Mngmt Inc stated it has 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Thompson Inv has invested 0.14% in Cognex Corporation (NASDAQ:CGNX). Next Financial Group Inc Incorporated, Texas-based fund reported 25 shares. Swiss Bancorporation reported 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX). 125,790 were accumulated by Susquehanna Int Grp Inc Limited Liability Partnership. Kayne Anderson Rudnick Inv Management Ltd Liability invested in 464,967 shares. Stephens Investment Mgmt Group Ltd Liability stated it has 623,547 shares or 1.59% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,416 shares. Nationwide Fund Advsr reported 440,082 shares. Navellier Associates has 2.39% invested in Cognex Corporation (NASDAQ:CGNX) for 111,432 shares. Advisory Services Network holds 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 2,030 shares. State Board Of Administration Of Florida Retirement owns 106,868 shares. Westpac owns 30,153 shares for 0.07% of their portfolio.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Cognex Corporation had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Hold” rating by Canaccord Genuity on Tuesday, August 2. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Cowen & Co on Wednesday, August 2. The stock of Cognex Corporation (NASDAQ:CGNX) has “Outperform” rating given on Tuesday, November 3 by CLSA. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Canaccord Genuity on Wednesday, November 18. Raymond James downgraded the shares of CGNX in report on Friday, March 11 to “Market Perform” rating. The rating was downgraded by J.P. Morgan to “Sell” on Wednesday, November 8. Deutsche Bank initiated Cognex Corporation (NASDAQ:CGNX) on Thursday, December 8 with “Buy” rating. FBR Capital initiated the shares of CGNX in report on Wednesday, May 11 with “Market Perform” rating. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Neutral” rating by Northcoast on Friday, December 2. As per Tuesday, November 3, the company rating was downgraded by Credit Agricole.

Navellier & Associates Inc, which manages about $2.37B and $514.86M US Long portfolio, decreased its stake in Amazon.Com Inc. (NASDAQ:AMZN) by 1,050 shares to 4,858 shares, valued at $4.67 million in 2017Q3, according to the filing. It also reduced its holding in American Homes 4 Rent Class A (NYSE:AMH) by 17,602 shares in the quarter, leaving it with 9,215 shares, and cut its stake in Republic Services Inc. (NYSE:RSG).

Among 34 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Suntrust Banks Inc. had 102 analyst reports since July 20, 2015 according to SRatingsIntel. On Wednesday, June 28 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm earned “Hold” rating on Tuesday, January 2 by Robert W. Baird. On Thursday, August 27 the stock rating was upgraded by Evercore to “Hold”. The firm has “Buy” rating by Jefferies given on Monday, April 3. The company was maintained on Monday, October 23 by Barclays Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Underperform” rating given on Tuesday, August 25 by Robert W. Baird. The firm earned “Underweight” rating on Tuesday, July 25 by Morgan Stanley. Deutsche Bank maintained SunTrust Banks, Inc. (NYSE:STI) rating on Thursday, September 17. Deutsche Bank has “Buy” rating and $50 target. The stock has “Hold” rating by Jefferies on Monday, October 19. The firm has “Hold” rating given on Friday, August 25 by Robert W. Baird.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.01, from 0.92 in 2017Q2. It turned negative, as 65 investors sold STI shares while 235 reduced holdings. 69 funds opened positions while 205 raised stakes. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. State Treasurer State Of Michigan has invested 0.07% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Louisiana State Employees Retirement System has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). Oppenheimer Asset Management holds 141,001 shares or 0.22% of its portfolio. Synovus Fincl accumulated 0.22% or 196,445 shares. Moreover, First Manhattan has 0% invested in SunTrust Banks, Inc. (NYSE:STI). Calamos Limited Liability invested in 0.03% or 66,905 shares. Bnp Paribas Arbitrage Sa owns 304,266 shares. Strs Ohio has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). Bnp Paribas Asset Mgmt Hldgs Sa has 119,057 shares. Investec Asset Management North America owns 33,888 shares. Liberty Management Incorporated owns 800 shares. Nippon Life Global Americas reported 178,810 shares or 0.91% of all its holdings. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.03% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 39,032 shares. Conning Incorporated holds 0.03% or 14,164 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 51,064 shares.

Since August 14, 2017, it had 0 buys, and 1 insider sale for $46,331 activity.

Todd Asset Management Llc, which manages about $3.59 billion and $3.61B US Long portfolio, decreased its stake in Delta Airlines (NYSE:DAL) by 18,069 shares to 462,011 shares, valued at $22.28 million in 2017Q3, according to the filing. It also reduced its holding in Southwest Airlines (NYSE:LUV) by 20,132 shares in the quarter, leaving it with 465,033 shares, and cut its stake in Ameriprise Financial Inc (NYSE:AMP).

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