D. E. Shaw & Co. Inc. Buys 66,712 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

D. E. Shaw & Co. Inc. lifted its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 818,729 shares of the company's stock after acquiring an additional 66,712 shares during the period. D. E. Shaw & Co. Inc. owned 1.14% of Cognyte Software worth $7,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Cognyte Software by 149.3% in the fourth quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock valued at $116,000 after purchasing an additional 8,007 shares during the period. BNP Paribas Financial Markets acquired a new position in Cognyte Software during the 4th quarter worth $312,000. Algert Global LLC grew its position in shares of Cognyte Software by 16.4% in the fourth quarter. Algert Global LLC now owns 30,858 shares of the company's stock valued at $267,000 after purchasing an additional 4,340 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Cognyte Software in the fourth quarter worth about $112,000. Finally, Westerly Capital Management LLC lifted its position in shares of Cognyte Software by 20.8% during the 4th quarter. Westerly Capital Management LLC now owns 900,000 shares of the company's stock worth $7,785,000 after purchasing an additional 155,000 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Cognyte Software Stock Up 0.3%

CGNT traded up $0.04 during midday trading on Wednesday, reaching $10.99. 70,530 shares of the company's stock were exchanged, compared to its average volume of 285,453. Cognyte Software Ltd. has a one year low of $6.21 and a one year high of $11.12. The business has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $8.94. The firm has a market capitalization of $791.69 million, a price-to-earnings ratio of -57.85 and a beta of 1.72.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly 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. The firm 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 last year, the firm posted ($0.23) EPS. As a group, research analysts anticipate that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.