American Capital Management Inc. bought a new stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,183,567 shares of the company's stock, valued at approximately $54,292,000. Cognyte Software comprises 2.4% of American Capital Management Inc.'s holdings, making the stock its 15th largest holding. American Capital Management Inc. owned 8.37% of Cognyte Software as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CGNT. Westerly Capital Management LLC raised its holdings in shares of Cognyte Software by 5.0% during the 4th quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company's stock worth $10,857,000 after acquiring an additional 55,000 shares during the period. Millennium Management LLC raised its stake in Cognyte Software by 101.9% during the first 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. Scalar Gauge Management LLC raised its stake in Cognyte Software by 14.6% during the fourth quarter. Scalar Gauge Management LLC now owns 904,099 shares of the company's stock worth $8,499,000 after purchasing an additional 115,000 shares during the period. Samjo Management LLC boosted its holdings in Cognyte Software by 64.4% in the 4th quarter. Samjo Management LLC now owns 896,325 shares of the company's stock valued at $8,425,000 after purchasing an additional 351,150 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Cognyte Software by 77.5% in the 2nd quarter. Marshall Wace LLP now owns 756,876 shares of the company's stock valued at $6,994,000 after purchasing an additional 330,569 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors and hedge funds.
Cognyte Software Stock Performance
CGNT stock opened at $8.49 on Thursday. The stock has a market capitalization of $627.41 million, a PE ratio of -212.25 and a beta of 1.67. The company has a fifty day moving average of $8.78 and a 200-day moving average of $8.82. Cognyte Software Ltd. has a one year low of $6.29 and a one year high of $12.31.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.07). Cognyte Software had a negative net margin of 0.66% and a negative return on equity of 0.45%. The business had revenue of $105.49 million during the quarter, compared to analysts' expectations of $105.04 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities analysts forecast that Cognyte Software Ltd. will post 0.08 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CGNT shares. Zacks Research upgraded Cognyte Software from a "strong sell" rating to a "hold" rating in a report on Monday, August 3rd. Wall Street Zen downgraded Cognyte Software from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cognyte Software currently has a consensus rating of "Hold" and an average price target of $13.50.
Read Our Latest Stock Analysis on CGNT
Cognyte Software Company Profile
(
Free Report)
Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.
The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.
See Also
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