Man Group plc Grows Stake in Cognyte Software Ltd. (NASDAQ:CGNT)

Man Group plc lifted its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,035 shares of the company's stock after purchasing an additional 37,070 shares during the period. Man Group plc owned 0.11% of Cognyte Software worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CGNT. R Squared Ltd bought a new position in Cognyte Software during the 4th quarter worth $26,000. William Blair Investment Management LLC boosted its stake in Cognyte Software by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock valued at $23,726,000 after acquiring an additional 67,024 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Cognyte Software by 41.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company's stock worth $445,000 after buying an additional 15,036 shares during the period. Value Base Ltd. purchased a new position in Cognyte Software during the fourth quarter valued at approximately $49,471,000. Finally, Quantbot Technologies LP purchased a new position in shares of Cognyte Software during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 72.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Cognyte Software Stock Performance

NASDAQ CGNT traded up $0.09 on Friday, reaching $10.84. 17,677 shares of the company's stock traded hands, compared to its average volume of 286,943. The firm has a market cap of $781.39 million, a price-to-earnings ratio of -57.08 and a beta of 1.72. Cognyte Software Ltd. has a fifty-two week low of $6.21 and a fifty-two week high of $11.12. The stock has a 50 day moving average price of $9.59 and a 200-day moving average price of $9.11.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The company had revenue of $94.51 million for the quarter, compared to the consensus estimate of $93.15 million. During the same quarter in the prior year, the business posted ($0.23) earnings per share. As a group, equities research analysts anticipate that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Cognyte Software 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.