Cubist Systematic Strategies LLC purchased a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 81,137 shares of the company's stock, valued at approximately $633,000. Cubist Systematic Strategies LLC owned 0.11% of Cognyte Software as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CGNT. Barclays PLC grew its position in 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 acquiring an additional 1,212 shares during the last quarter. Signaturefd LLC raised its position in Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company's stock worth $31,000 after purchasing an additional 2,158 shares during the last quarter. Magnetar Financial LLC bought a new position in Cognyte Software in the 1st quarter worth approximately $106,000. Jane Street Group LLC bought a new position in Cognyte Software in the 4th quarter worth approximately $112,000. Finally, Bank of America Corp DE raised its position in Cognyte Software by 149.3% in the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock worth $116,000 after purchasing an additional 8,007 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
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, Based on data from MarketBeat.com, Cognyte Software has an average rating of "Hold".
Get Our Latest Analysis on CGNT
Cognyte Software Stock Down 11.3%
CGNT stock opened at $8.45 on Wednesday. The business's fifty day moving average is $8.96 and its 200-day moving average is $9.26. The company has a market cap of $616.60 million, a P/E ratio of -76.82 and a beta of 1.65. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.65.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $95.55 million for the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. Research analysts anticipate that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.
Cognyte Software Company Profile
(
Free Report)
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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