Cognyte Software Ltd. $CGNT Holdings Lessened by Topline Capital Management LLC

Key Points

• Topline Capital Management LLC has reduced its stake in Cognyte Software Ltd. by 21.3%, but it remains the fund's largest position, constituting approximately 12.6% of its portfolio with 7,099,650 shares valued at around $55.4 million.
• Several institutional investors, including Barclays PLC and Bank of America Corp DE, have significantly increased their stakes in Cognyte Software, reflecting growing interest in the company.
• The stock is currently rated as a "hold" by analysts, and Cognyte reported $95.55 million in revenue last quarter, exceeding analysts' expectations, indicating stable performance despite a negative net margin.

Topline Capital Management LLC cut its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,099,650 shares of the company's stock after selling 1,920,534 shares during the period. Cognyte Software makes up 12.6% of Topline Capital Management LLC's investment portfolio, making the stock its largest position. Topline Capital Management LLC owned about 9.85% of Cognyte Software worth $55,377,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Cognyte Software in the first quarter worth approximately $663,000. Bank of America Corp DE boosted its position in shares of Cognyte Software by 149.3% in the fourth quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock worth $116,000 after acquiring an additional 8,007 shares during the last quarter. Millennium Management LLC boosted its position in shares of Cognyte Software by 80.8% in the fourth quarter. Millennium Management LLC now owns 456,546 shares of the company's stock worth $3,949,000 after acquiring an additional 204,099 shares during the last quarter. Signaturefd LLC boosted its position in shares of Cognyte Software by 119.2% in the first quarter. Signaturefd LLC now owns 3,968 shares of the company's stock worth $31,000 after acquiring an additional 2,158 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Cognyte Software in the fourth quarter worth approximately $112,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Cognyte Software Price Performance

NASDAQ CGNT traded up $0.06 during mid-day trading on Friday, hitting $8.93. The company's stock had a trading volume of 192,426 shares, compared to its average volume of 184,380. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.65. The stock's fifty day simple moving average is $9.01 and its two-hundred day simple moving average is $9.32. The firm has a market capitalization of $643.50 million, a P/E ratio of -81.18 and a beta of 1.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. The firm had revenue of $95.55 million for the quarter, compared to analyst estimates of $93.96 million. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. Cognyte Software has set its FY 2026 guidance at 0.190-0.190 EPS. On average, equities analysts forecast 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.