Cognyte Software's (CGNT) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Cognyte Software (NASDAQ:CGNT - Free Report) in a report published on Thursday morning,Benzinga reports.

Separately, Wall Street Zen upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 12th.

Cognyte Software Stock Up 1.6%

CGNT traded up $0.17 during midday trading on Thursday, hitting $10.85. The company had a trading volume of 109,143 shares, compared to its average volume of 287,305. Cognyte Software has a 52 week low of $6.21 and a 52 week high of $11.12. The company has a market capitalization of $782.11 million, a price-to-earnings ratio of -57.05 and a beta of 1.72. The stock's 50 day moving average price is $9.45 and its 200 day moving average price is $9.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Barclays PLC increased its stake in Cognyte Software by 70.0% during the 4th quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $25,000 after purchasing an additional 1,212 shares in the last quarter. R Squared Ltd bought a new stake in Cognyte Software during the 4th quarter valued at about $26,000. Signaturefd LLC increased its stake in Cognyte Software by 119.2% during the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after purchasing an additional 2,158 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Cognyte Software by 1,695.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock valued at $36,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Cognyte Software during the 4th quarter valued at about $71,000. 72.92% of the stock is currently owned by institutional investors.

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.