Silverberg Bernstein Capital Management LLC Purchases 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 boosted its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 41.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,100 shares of the company's stock after purchasing an additional 44,300 shares during the quarter. Silverberg Bernstein Capital Management LLC owned approximately 0.21% of Cognyte Software worth $1,405,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Edenbrook Capital LLC increased its holdings in shares of Cognyte Software by 1.3% during the first quarter. Edenbrook Capital LLC now owns 6,635,083 shares of the company's stock valued at $51,754,000 after acquiring an additional 82,500 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Cognyte Software by 5.6% during the first quarter. Acadian Asset Management LLC now owns 2,654,829 shares of the company's stock valued at $20,682,000 after acquiring an additional 140,793 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Cognyte Software by 101.9% during the first quarter. Millennium Management LLC now owns 921,853 shares of the company's stock valued at $7,190,000 after acquiring an additional 465,307 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Cognyte Software by 14.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,077 shares of the company's stock valued at $7,083,000 after acquiring an additional 112,530 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Cognyte Software during the first quarter valued at about $4,495,000. 72.92% of the stock is currently owned by institutional investors.

Cognyte Software Trading Down 0.7%

Shares of NASDAQ:CGNT opened at $8.46 on Tuesday. Cognyte Software Ltd. has a twelve month low of $6.38 and a twelve month high of $11.65. The company's 50 day moving average is $8.93 and its 200 day moving average is $9.25. The company has a market cap of $617.33 million, a PE ratio of -140.98 and a beta of 1.65.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Monday, July 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.

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