PDT Partners LLC Buys New Shares in Cognyte Software Ltd. $CGNT

Key Points

• PDT Partners LLC acquired 45,525 shares of Cognyte Software Ltd. (NASDAQ:CGNT), investing approximately $355,000, which represents a 0.06% stake in the company.
• Institutional investors collectively own 72.92% of Cognyte Software, with significant increases in positions from firms such as SG Americas Securities LLC and Bank of America Corp DE.
• The company reported quarterly earnings of $0.07 EPS and set its FY 2026 guidance at 0.190 EPS, with analysts predicting an overall negative EPS of -0.2 for the current year.

PDT Partners LLC acquired a new stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,525 shares of the company's stock, valued at approximately $355,000. PDT Partners LLC owned about 0.06% of Cognyte Software as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Driehaus Capital Management LLC acquired a new position in Cognyte Software during the 1st quarter valued at about $4,495,000. Millennium Management LLC boosted its stake in Cognyte Software by 80.8% during the 4th quarter. Millennium Management LLC now owns 456,546 shares of the company's stock valued at $3,949,000 after purchasing an additional 204,099 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cognyte Software by 14.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,077 shares of the company's stock valued at $7,083,000 after purchasing an additional 112,530 shares during the period. SG Americas Securities LLC acquired a new position in Cognyte Software during the 1st quarter valued at about $663,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Cognyte Software during the 1st quarter valued at about $633,000. Institutional investors own 72.92% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Monday, July 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

Cognyte Software Stock Performance

Shares of NASDAQ:CGNT traded down $0.20 during trading on Wednesday, reaching $8.26. The company had a trading volume of 74,966 shares, compared to its average volume of 321,298. The firm's fifty day moving average is $8.96 and its 200 day moving average is $9.26. The firm has a market capitalization of $602.37 million, a PE ratio of -75.03 and a beta of 1.65. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share for the quarter. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. The company had revenue of $95.55 million during the quarter, compared to analyst estimates of $93.96 million. Equities analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal 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.