Cognyte Software Ltd. (NASDAQ:CGNT) Shares Sold by Corton Capital Inc.

Corton Capital Inc. reduced its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 68.7% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in shares of Cognyte Software during the 4th quarter worth $78,025,000. Value Base Ltd. acquired a new position in Cognyte Software during the fourth quarter worth about $49,471,000. Marshall Wace LLP grew its holdings in shares of Cognyte Software by 210.3% in the 4th quarter. Marshall Wace LLP now owns 424,424 shares of the company's stock worth $3,671,000 after acquiring an additional 287,639 shares during the period. Westerly Capital Management LLC grew its holdings in shares of Cognyte Software by 20.8% in the 4th quarter. Westerly Capital Management LLC now owns 900,000 shares of the company's stock worth $7,785,000 after acquiring an additional 155,000 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Cognyte Software by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock valued at $23,726,000 after purchasing an additional 67,024 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com raised Cognyte Software from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 12th. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Tuesday, April 8th.

Cognyte Software Trading Up 1.6%

Shares of NASDAQ:CGNT traded up $0.16 on Monday, hitting $9.96. The company had a trading volume of 204,290 shares, compared to its average volume of 282,180. The company has a market cap of $717.69 million, a PE ratio of -52.42 and a beta of 1.72. The business has a 50 day moving average of $9.01 and a 200 day moving average of $8.79. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.12.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. During the same period in the previous year, the firm earned ($0.23) earnings per share. As a group, equities analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current year.

About Cognyte Software

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.