Acadian Asset Management LLC Has $20.68 Million Stock Holdings in Cognyte Software Ltd. $CGNT

Key Points

• Acadian Asset Management LLC increased its holdings in Cognyte Software Ltd. by 5.6%, owning approximately 3.68% of the company, worth around $20.68 million.
• Cognyte Software reported earnings per share (EPS) of $0.07 for the last quarter, exceeding analysts' expectations, with a revenue of $95.55 million.
• Barclays PLC and other institutional investors significantly raised their stakes in Cognyte Software, contributing to a total institutional ownership of 72.92%.

Acadian Asset Management LLC raised its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,654,829 shares of the company's stock after buying an additional 140,793 shares during the quarter. Acadian Asset Management LLC owned about 3.68% of Cognyte Software worth $20,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Cognyte Software by 52.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company's stock valued at $1,023,000 after buying an additional 45,229 shares during the period. Millennium Management LLC raised its position in shares of Cognyte Software by 101.9% during the 1st quarter. Millennium Management LLC now owns 921,853 shares of the company's stock worth $7,190,000 after purchasing an additional 465,307 shares during the period. Edenbrook Capital LLC lifted its holdings in shares of Cognyte Software by 1.3% in the 1st quarter. Edenbrook Capital LLC now owns 6,635,083 shares of the company's stock worth $51,754,000 after purchasing an additional 82,500 shares during the last quarter. PDT Partners LLC acquired a new position in Cognyte Software during the 1st quarter valued at approximately $355,000. Finally, Cubist Systematic Strategies LLC bought a new position in Cognyte Software during the 1st quarter worth $633,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Stock Up 0.4%

NASDAQ:CGNT traded up $0.03 during trading hours on Wednesday, reaching $8.37. 62,606 shares of the company's stock were exchanged, compared to its average volume of 321,110. The company has a market capitalization of $610.76 million, a P/E ratio of -139.48 and a beta of 1.65. The business's 50-day simple moving average is $8.91 and its two-hundred day simple moving average is $9.25. Cognyte Software Ltd. has a 12 month low of $6.38 and a 12 month high of $11.65.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

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.