D. E. Shaw & Co. Inc. grew its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 818,729 shares of the company's stock after buying an additional 66,712 shares during the period. D. E. Shaw & Co. Inc. owned 1.14% of Cognyte Software worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in CGNT. Topline Capital Management LLC bought a new position in Cognyte Software in the fourth quarter worth approximately $78,025,000. Value Base Ltd. purchased a new stake in Cognyte Software in the fourth quarter worth $49,471,000. William Blair Investment Management LLC boosted its holdings in shares of Cognyte Software by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock worth $23,726,000 after acquiring an additional 67,024 shares during the period. Westerly Capital Management LLC boosted its holdings in shares of Cognyte Software by 20.8% in the fourth 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, Renaissance Technologies LLC boosted its holdings in shares of Cognyte Software by 7.7% in the fourth quarter. Renaissance Technologies LLC now owns 726,206 shares of the company's stock worth $6,282,000 after acquiring an additional 51,795 shares during the period. Institutional investors and hedge funds own 72.92% of the company's stock.
Analysts Set New Price Targets
CGNT has been the subject of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Tuesday, April 8th. StockNews.com raised Cognyte Software from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 12th.
Get Our Latest Stock Report on CGNT
Cognyte Software Stock Up 5.8%
Shares of NASDAQ:CGNT traded up $0.57 during trading on Monday, hitting $10.47. The stock had a trading volume of 479,920 shares, compared to its average volume of 284,584. Cognyte Software Ltd. has a 12 month low of $6.21 and a 12 month high of $11.12. The company has a market capitalization of $754.44 million, a PE ratio of -55.11 and a beta of 1.72. The firm's fifty day moving average is $9.16 and its 200 day moving average is $8.90.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The business had revenue of $94.51 million for 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 expect that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.
Cognyte Software Company Profile
(
Free Report)
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.
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