Needham & Company LLC reissued their hold rating on shares of Cognyte Software (NASDAQ:CGNT - Free Report) in a research report report published on Wednesday,Benzinga reports.
Separately, Wall Street Zen upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.
Check Out Our Latest Stock Analysis on CGNT
Cognyte Software Trading Down 4.9%
CGNT stock traded down $0.46 during midday trading on Wednesday, reaching $8.96. 690,584 shares of the company's stock traded hands, compared to its average volume of 303,741. Cognyte Software has a 52-week low of $6.21 and a 52-week high of $11.66. The stock has a market cap of $645.63 million, a P/E ratio of -47.16 and a beta of 1.73. The stock's 50-day moving average is $10.04 and its 200 day moving average is $9.36.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The business had revenue of $95.55 million during the quarter, compared to analysts' expectations of $93.96 million. As a group, research analysts expect that Cognyte Software will post -0.2 EPS for the current fiscal year.
Hedge Funds Weigh In On Cognyte Software
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Cognyte Software by 70.0% during the fourth quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $25,000 after acquiring an additional 1,212 shares during the last quarter. Signaturefd LLC lifted its position in Cognyte Software by 119.2% during the first quarter. Signaturefd LLC now owns 3,968 shares of the company's stock valued at $31,000 after purchasing an additional 2,158 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cognyte Software by 1,695.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company's stock valued at $36,000 after acquiring an additional 3,900 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Cognyte Software in the fourth quarter valued at $71,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Cognyte Software in the first quarter valued at $106,000. Institutional investors own 72.92% of the company's stock.
Cognyte Software Company Profile
(
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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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