Corton Capital Inc. Sells 29,855 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

Corton Capital Inc. lessened its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 68.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,592 shares of the company's stock after selling 29,855 shares during the period. Corton Capital Inc.'s holdings in Cognyte Software were worth $118,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Cognyte Software in the fourth quarter worth about $71,000. JPMorgan Chase & Co. boosted its stake in shares of Cognyte Software by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company's stock valued at $3,576,000 after purchasing an additional 26,487 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cognyte Software by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 99,980 shares of the company's stock worth $865,000 after buying an additional 1,440 shares during the period. Archon Capital Management LLC bought a new stake in shares of Cognyte Software during the fourth quarter worth approximately $493,000. Finally, Value Base Ltd. bought a new stake in shares of Cognyte Software during the fourth quarter worth approximately $49,471,000. Institutional investors own 72.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Tuesday, April 8th.

Cognyte Software Price Performance

NASDAQ:CGNT traded down $0.15 during trading hours on Wednesday, reaching $9.75. 126,781 shares of the stock were exchanged, compared to its average volume of 281,785. The firm has a 50 day moving average of $9.06 and a 200 day moving average of $8.82. The stock has a market cap of $702.56 million, a PE ratio of -51.32 and a beta of 1.72. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.12.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The business had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. During the same period last year, the business posted ($0.23) EPS. Equities research analysts anticipate that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.

Cognyte Software Profile

Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.