Cognyte Software (NASDAQ:CGNT - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports.
Separately, StockNews.com downgraded Cognyte Software from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 7th.
Read Our Latest Report on Cognyte Software
Cognyte Software Trading Down 13.6 %
Shares of Cognyte Software stock traded down $1.14 on Tuesday, hitting $7.27. The stock had a trading volume of 2,531,155 shares, compared to its average volume of 446,418. Cognyte Software has a 52-week low of $3.31 and a 52-week high of $8.53. The stock has a market cap of $500.47 million, a price-to-earnings ratio of -12.27 and a beta of 1.68. The company's 50 day moving average price is $7.60 and its 200 day moving average price is $6.08.
Institutional Trading of Cognyte Software
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new stake in Cognyte Software during the 3rd quarter valued at approximately $8,922,000. Citigroup Inc. increased its position in Cognyte Software by 3.0% during the 3rd quarter. Citigroup Inc. now owns 138,749 shares of the medical device company's stock worth $667,000 after purchasing an additional 3,993 shares during the period. Legato Capital Management LLC acquired a new position in Cognyte Software during the 4th quarter worth approximately $864,000. Phoenix Holdings Ltd. grew its holdings in shares of Cognyte Software by 33.0% in the 3rd quarter. Phoenix Holdings Ltd. now owns 279,400 shares of the medical device company's stock worth $1,344,000 after acquiring an additional 69,400 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Cognyte Software by 203.6% in the 3rd quarter. Acadian Asset Management LLC now owns 1,578,537 shares of the medical device company's stock worth $7,577,000 after acquiring an additional 1,058,675 shares during the period. 72.92% of the stock is owned by hedge funds and other institutional investors.
About Cognyte Software
(
Get Free Report)
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 also offers network intelligence analytics, open source and threat intelligence analytics, and operational intelligence analytics solutions.
Further Reading
Before you consider Cognyte Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cognyte Software wasn't on the list.
While Cognyte Software currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
