Cognyte Software Ltd. $CGNT Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 45.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,425,288 shares of the company's stock after selling 1,195,724 shares during the period. William Blair Investment Management LLC owned 1.98% of Cognyte Software worth $13,170,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in Cognyte Software by 119.2% during the first quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after buying an additional 2,158 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Cognyte Software in the 1st quarter worth about $106,000. Quantbot Technologies LP raised its stake in shares of Cognyte Software by 106.5% during the 1st quarter. Quantbot Technologies LP now owns 16,924 shares of the company's stock worth $132,000 after purchasing an additional 8,727 shares in the last quarter. Informed Momentum Co LLC purchased a new stake in shares of Cognyte Software during the 1st quarter worth about $236,000. Finally, Algert Global LLC increased its holdings in shares of Cognyte Software by 5.0% during the 1st quarter. Algert Global LLC now owns 32,388 shares of the company's stock valued at $253,000 after acquiring an additional 1,530 shares during the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Stock Up 1.3%

Shares of Cognyte Software stock opened at $8.05 on Tuesday. Cognyte Software Ltd. has a 12 month low of $6.38 and a 12 month high of $11.65. The business has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $9.23. The stock has a market cap of $587.41 million, a PE ratio of -134.14 and a beta of 1.63.

Analyst Ratings Changes

A number of analysts have issued reports on CGNT shares. Roth Capital started coverage on Cognyte Software in a report on Friday, October 3rd. They issued a "buy" rating and a $14.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cognyte Software in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research report on Monday, July 28th. Wall Street Zen downgraded Cognyte Software from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Zacks Research upgraded Cognyte Software to a "hold" rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Cognyte Software has a consensus rating of "Hold" and a consensus price target of $14.00.

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.

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