Sysco (SYY) Holder Cabot Wealth Management Lifted Its Stake by $320,640; Coatue Management Raised Its Cognex (CGNX) Position by $61.71 Million; Market Value Declined

May 26, 2018 - By Richard Conner

Sysco Corporation (NYSE:SYY) Logo

Cabot Wealth Management Inc increased its stake in Sysco Corp (SYY) by 13.08% based on its latest 2017Q4 regulatory filing with the SEC. Cabot Wealth Management Inc bought 5,344 shares as the company’s stock declined 2.24% with the market. The institutional investor held 46,209 shares of the food distributors company at the end of 2017Q4, valued at $2.81M, up from 40,865 at the end of the previous reported quarter. Cabot Wealth Management Inc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $33.88 billion market cap company. The stock increased 0.67% or $0.43 during the last trading session, reaching $65.02. About 1.93M shares traded. Sysco Corporation (NYSE:SYY) has risen 14.07% since May 26, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Philippe Laffont increased its stake in Cognex Corp (CGNX) by 99.21% based on its latest 2017Q4 regulatory filing with the SEC. Coatue Management Llc bought 1.01 million shares as the company’s stock declined 13.83% with the market. The hedge fund run by Philippe Laffont held 2.03 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $124.23 million, up from 1.02 million at the end of the previous reported quarter. Coatue Management Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.08 billion market cap company. The stock increased 0.24% or $0.11 during the last trading session, reaching $46.71. About 764,605 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 26, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Since December 13, 2017, it had 0 insider purchases, and 14 sales for $15.94 million activity. Shurts Wayne sold $921,492 worth of Sysco Corporation (NYSE:SYY) on Wednesday, February 21. On Tuesday, January 2 the insider Libby Russell T. sold $809,240. Another trade for 5,000 shares valued at $303,100 was sold by TILGHMAN RICHARD G. $4.92M worth of stock was sold by Bertrand Greg D on Wednesday, January 10. $981,312 worth of Sysco Corporation (NYSE:SYY) was sold by Moskowitz Paul T on Monday, May 7.

Cabot Wealth Management Inc, which manages about $552.75 million and $462.48M US Long portfolio, decreased its stake in Ishares (EUFN) by 104,654 shares to 140,897 shares, valued at $3.28M in 2017Q4, according to the filing. It also reduced its holding in Cintas Corp (NASDAQ:CTAS) by 2,562 shares in the quarter, leaving it with 49,962 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 60 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by Wells Fargo on Friday, June 23. Wells Fargo initiated the stock with “Outperform” rating in Thursday, November 19 report. Jefferies maintained Sysco Corporation (NYSE:SYY) rating on Thursday, September 28. Jefferies has “Hold” rating and $51.0 target. On Thursday, November 10 the stock rating was upgraded by Barclays Capital to “Equal Weight”. The firm has “Hold” rating by Pivotal Research given on Friday, August 11. Jefferies maintained it with “Hold” rating and $5100 target in Tuesday, June 20 report. JP Morgan maintained Sysco Corporation (NYSE:SYY) on Tuesday, August 16 with “Neutral” rating. Wells Fargo maintained the shares of SYY in report on Monday, July 17 with “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, October 13. The rating was maintained by BMO Capital Markets on Monday, November 6 with “Buy”.

More important recent Sysco Corporation (NYSE:SYY) news were published by: Globenewswire.com which released: “Sysco Reports Third Quarter Earnings” on May 07, 2018, also Seekingalpha.com published article titled: “Sysco: Not Messing Around”, Seekingalpha.com published: “Tracking Nelson Peltz’s Trian Fund Management Portfolio – Q1 2018 Update” on May 23, 2018. More interesting news about Sysco Corporation (NYSE:SYY) was released by: Seekingalpha.com and their article: “Sysco Corporation 2018 Q3 – Results – Earnings Call Slides” with publication date: May 07, 2018.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.12, from 0.78 in 2017Q3. It increased, as 46 investors sold SYY shares while 345 reduced holdings. 109 funds opened positions while 242 raised stakes. 400.42 million shares or 2.21% less from 409.47 million shares in 2017Q3 were reported. The Illinois-based Cibc Bancshares Usa has invested 0.09% in Sysco Corporation (NYSE:SYY). Prelude Cap Limited Liability Com holds 0.05% or 9,316 shares. Smithfield Tru invested 0.08% in Sysco Corporation (NYSE:SYY). Glg Limited Liability reported 24,430 shares. Badgley Phelps & Bell reported 0.14% of its portfolio in Sysco Corporation (NYSE:SYY). Allen Investment stated it has 387,263 shares. Citigroup stated it has 0.03% in Sysco Corporation (NYSE:SYY). Hudson Bay Cap Mgmt Ltd Partnership holds 0.08% in Sysco Corporation (NYSE:SYY) or 65,000 shares. Hl Service Ltd Company, a Kentucky-based fund reported 231,209 shares. Fort Washington Inv Advisors Incorporated Oh holds 0.09% or 145,112 shares in its portfolio. Mcdaniel Terry invested in 0.05% or 4,290 shares. Tobam owns 43,683 shares or 0.11% of their US portfolio. Daiwa Gp stated it has 0.01% of its portfolio in Sysco Corporation (NYSE:SYY). Welch And Forbes Limited Liability Corp holds 0.32% or 198,635 shares in its portfolio. Moreover, Appleton Prtnrs Ma has 0.11% invested in Sysco Corporation (NYSE:SYY) for 12,133 shares.

Investors sentiment increased to 6.53 in Q4 2017. 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. Snyder Mgmt Lp holds 1.9% or 622,996 shares. Kbc Group Nv stated it has 0.05% in Cognex Corporation (NASDAQ:CGNX). Ls Inv Advsr Lc reported 0.05% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Financial Bank Of Montreal Can invested in 0.01% or 142,575 shares. Tower Cap Ltd (Trc) holds 3,876 shares or 0.03% of its portfolio. Moreover, Atika Capital Management Ltd Llc has 0.76% invested in Cognex Corporation (NASDAQ:CGNX) for 32,000 shares. Community Financial Bank Na reported 0% stake. Raymond James Finance Services reported 51,186 shares stake. Amer Cap Mngmt invested 5.9% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Northwestern Mutual Wealth Management holds 821 shares. Assetmark owns 0% invested in Cognex Corporation (NASDAQ:CGNX) for 567 shares. Suntrust Banks invested in 73,830 shares. Daiwa Group Incorporated holds 0.01% or 15,110 shares. Welch And Forbes Llc has invested 0.77% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Koch Industry holds 4,227 shares or 0.04% of its portfolio.

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 firm earned “Buy” rating on Friday, April 1 by Canaccord Genuity. The firm has “Hold” rating given on Tuesday, August 4 by Canaccord Genuity. JP Morgan maintained the shares of CGNX in report on Tuesday, May 1 with “Neutral” rating. The firm earned “Buy” rating on Tuesday, August 4 by Needham. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Neutral” rating by Robert W. Baird on Tuesday, October 31. Cowen & Co maintained it with “Buy” rating and $13500 target in Wednesday, August 2 report. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Hold” rating by Canaccord Genuity on Tuesday, October 31. The stock has “Underperform” rating by CSLA on Thursday, March 24. Needham maintained the stock with “Buy” rating in Tuesday, November 1 report. The rating was upgraded by Northcoast on Wednesday, April 4 to “Buy”.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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