Cognyte Software Ltd. (NASDAQ:CGNT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,448 shares of the company's stock after purchasing an additional 26,487 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of Cognyte Software worth $3,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Cognyte Software in the fourth quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new stake in Cognyte Software in the 4th quarter valued at $71,000. Fox Run Management L.L.C. acquired a new stake in shares of Cognyte Software in the 4th quarter worth $310,000. Tidal Investments LLC raised its holdings in shares of Cognyte Software by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock worth $407,000 after acquiring an additional 2,648 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Cognyte Software by 41.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company's stock valued at $445,000 after acquiring an additional 15,036 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CGNT. StockNews.com upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a research report on Tuesday, April 8th.

Cognyte Software Price Performance

Shares of NASDAQ:CGNT traded up $0.07 during midday trading on Friday, reaching $9.60. 42,038 shares of the company's stock were exchanged, compared to its average volume of 280,828. The stock has a market cap of $691.60 million, a price-to-earnings ratio of -50.53 and a beta of 1.76. Cognyte Software Ltd. has a fifty-two week low of $6.21 and a fifty-two week high of $11.12. The firm's 50 day simple moving average is $8.89 and its two-hundred day simple moving average is $8.53.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The business had revenue of $94.51 million during the quarter, compared to analysts' expectations of $93.15 million. During the same period last year, the business earned ($0.23) earnings per share. Equities research analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share 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.