Engaged Capital announced that it has built a stake in Cognex (CGNX) Corporation and at the 13D Monitor Active-Passive Investor Summit, Engaged shared a presentation that highlights “actionable opportunities for value enhancement.” Engaged “believes that Cognex already possesses many of the right executives and ideas and intends to continue engaging in a constructive dialogue with the Company to accelerate necessary initiatives to drive value for all stockholders,” the firm stated.
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Read More on CGNX:
- Activist Engaged built stake in Cognex, urges cost cuts, Reuters reports
- Cognex price target raised to $45 from $37 at Truist
- Cognex initiated with an Overweight at Barclays
- Cognex: Balancing AI-Driven Growth Opportunities with Execution Risks and Competitive Pressures
- Cognex initiated with a Neutral at JPMorgan
