BNP Paribas Financial Markets Takes $312,000 Position in Cognyte Software Ltd. (NASDAQ:CGNT)

BNP Paribas Financial Markets bought a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,055 shares of the company's stock, valued at approximately $312,000. BNP Paribas Financial Markets owned approximately 0.05% of Cognyte Software as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its position in shares of Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cognyte Software by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 99,980 shares of the company's stock worth $865,000 after purchasing an additional 1,440 shares in the last quarter. R Squared Ltd acquired a new position in shares of Cognyte Software during the 4th quarter worth approximately $26,000. Russell Investments Group Ltd. grew its position in shares of Cognyte Software by 1,695.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock worth $36,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Cognyte Software by 16.4% during the 4th quarter. Algert Global LLC now owns 30,858 shares of the company's stock worth $267,000 after acquiring an additional 4,340 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CGNT shares. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.

Cognyte Software Stock Performance

Shares of NASDAQ CGNT traded up $0.07 during trading hours on Friday, hitting $10.82. 258,246 shares of the stock were exchanged, compared to its average volume of 288,956. The company has a market cap of $779.66 million, a PE ratio of -56.95 and a beta of 1.72. The company's fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $9.16. Cognyte Software Ltd. has a 1-year low of $6.21 and a 1-year high of $11.12.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business 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 quarter in the prior year, the firm earned ($0.23) EPS. As a group, sell-side analysts expect that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Cognyte Software Company 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.