SG Americas Securities LLC Takes Position in Cognyte Software Ltd. (NASDAQ:CGNT)

SG Americas Securities LLC purchased a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Topline Capital Management LLC bought a new stake in Cognyte Software during the 4th quarter worth $78,025,000. Value Base Ltd. acquired a new stake in shares of Cognyte Software during the fourth quarter valued at about $49,471,000. Marshall Wace LLP grew its holdings in shares of Cognyte Software by 210.3% during the fourth quarter. Marshall Wace LLP now owns 424,424 shares of the company's stock worth $3,671,000 after purchasing an additional 287,639 shares during the last quarter. Millennium Management LLC increased its stake 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 valued at $3,949,000 after buying an additional 204,099 shares during the period. Finally, Westerly Capital Management LLC raised its holdings in Cognyte Software by 20.8% in the 4th quarter. Westerly Capital Management LLC now owns 900,000 shares of the company's stock valued at $7,785,000 after buying an additional 155,000 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CGNT shares. Wall Street Zen raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 12th. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Wednesday, June 11th.

Cognyte Software Stock Down 2.2%

CGNT traded down $0.21 during midday trading on Wednesday, hitting $9.14. 258,206 shares of the company were exchanged, compared to its average volume of 300,561. The firm's 50 day moving average price is $10.00 and its 200-day moving average price is $9.40. Cognyte Software Ltd. has a 1-year low of $6.21 and a 1-year high of $11.66. The firm has a market capitalization of $658.63 million, a P/E ratio of -83.09 and a beta of 1.73.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last released 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 firm had revenue of $95.55 million during the quarter, compared to analyst estimates of $93.96 million. On average, sell-side analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

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.