SG Americas Securities LLC Acquires Shares of 85,063 Cognyte Software Ltd. (NASDAQ:CGNT)

SG Americas Securities LLC purchased a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 85,063 shares of the company's stock, valued at approximately $663,000. SG Americas Securities LLC owned approximately 0.12% of Cognyte Software as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Cognyte Software by 149.3% during the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company's stock worth $116,000 after buying an additional 8,007 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Cognyte Software during the 4th quarter worth approximately $71,000. JPMorgan Chase & Co. boosted its holdings in shares of Cognyte Software by 6.8% during the 4th quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company's stock worth $3,576,000 after buying an additional 26,487 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Cognyte Software by 80.8% during the 4th quarter. Millennium Management LLC now owns 456,546 shares of the company's stock worth $3,949,000 after buying an additional 204,099 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Cognyte Software in the 4th quarter worth $112,000. 72.92% of the stock is currently owned by institutional investors.

Cognyte Software Trading Down 2.1%

NASDAQ CGNT traded down $0.19 during mid-day trading on Friday, hitting $8.83. The company's stock had a trading volume of 486,090 shares, compared to its average volume of 300,400. The company's 50 day simple moving average is $10.02 and its 200 day simple moving average is $9.40. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.66. The firm has a market capitalization of $636.29 million, a price-to-earnings ratio of -80.27 and a beta of 1.73.

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 (EPS) for the quarter. Cognyte Software had a negative net margin of 2.18% and a negative return on equity of 3.53%. The business had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. As a group, research analysts forecast that Cognyte Software Ltd. will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CGNT has been the subject of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research report on Wednesday, June 11th. Wall Street Zen raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.

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.