Silverberg Bernstein Capital Management LLC Acquires 44,300 Shares of Cognyte Software Ltd. $CGNT

Key Points

• Silverberg Bernstein Capital Management LLC increased its stake in Cognyte Software Ltd. by 41.1%, purchasing an additional 44,300 shares, bringing their total holdings to approximately 152,100 shares valued at $1,405,000.
• Other institutional investors, like Edenbrook Capital LLC and Millennium Management LLC, also added to their positions in Cognyte Software, demonstrating increased confidence in the company.
• Cognyte Software's shares were trading down 0.7% at $8.46, with a market cap of $617.33 million, and analysts currently hold a consensus rating of "Hold" for the stock.

Silverberg Bernstein Capital Management LLC increased its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 41.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,100 shares of the company's stock after purchasing an additional 44,300 shares during the period. Silverberg Bernstein Capital Management LLC owned 0.21% of Cognyte Software worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Algert Global LLC lifted its position in shares of Cognyte Software by 5.0% during the first quarter. Algert Global LLC now owns 32,388 shares of the company's stock worth $253,000 after purchasing an additional 1,530 shares in the last quarter. Signaturefd LLC grew its holdings in Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after buying an additional 2,158 shares during the period. Jump Financial LLC grew its holdings in shares of Cognyte Software by 5.7% during the 1st quarter. Jump Financial LLC now owns 43,141 shares of the company's stock worth $336,000 after purchasing an additional 2,341 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Cognyte Software by 3.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 168,122 shares of the company's stock valued at $1,454,000 after purchasing an additional 6,009 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Cognyte Software by 149.3% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 72.92% of the company's stock.

Cognyte Software Price Performance

Shares of NASDAQ:CGNT traded down $0.14 during mid-day trading on Friday, hitting $8.39. The company had a trading volume of 299,270 shares, compared to its average volume of 305,858. The company has a market capitalization of $612.22 million, a PE ratio of -139.81 and a beta of 1.65. The firm has a fifty day moving average price of $8.87 and a 200 day moving average price of $9.23. Cognyte Software Ltd. has a one year low of $6.38 and a one year high of $11.65.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research note on Monday, July 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

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.