Renaissance Technologies LLC Purchases 51,795 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

Renaissance Technologies LLC increased its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,206 shares of the company's stock after buying an additional 51,795 shares during the period. Renaissance Technologies LLC owned 1.01% of Cognyte Software worth $6,282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Value Base Ltd. bought a new position in shares of Cognyte Software in the fourth quarter worth about $49,471,000. William Blair Investment Management LLC lifted its holdings in Cognyte Software by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock worth $23,726,000 after buying an additional 67,024 shares in the last quarter. Scalar Gauge Management LLC boosted its position in Cognyte Software by 2.3% in the 4th quarter. Scalar Gauge Management LLC now owns 450,032 shares of the company's stock valued at $3,893,000 after buying an additional 10,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cognyte Software by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company's stock valued at $3,576,000 after buying an additional 26,487 shares during the period. Finally, Trexquant Investment LP raised its position in shares of Cognyte Software by 72.6% during the fourth quarter. Trexquant Investment LP now owns 135,907 shares of the company's stock worth $1,176,000 after acquiring an additional 57,168 shares during the last quarter. Institutional investors own 72.92% of the company's stock.

Cognyte Software Price Performance

Shares of Cognyte Software stock traded up $0.19 on Thursday, hitting $9.49. 42,998 shares of the company's stock traded hands, compared to its average volume of 280,989. Cognyte Software Ltd. has a one year low of $6.21 and a one year high of $11.12. The stock has a market capitalization of $683.68 million, a PE ratio of -49.97 and a beta of 1.76. The firm's 50-day moving average price is $8.91 and its two-hundred day moving average price is $8.51.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $94.51 million for the quarter, compared to analyst estimates of $93.15 million. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. On average, analysts forecast that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Tuesday, April 8th. StockNews.com raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 12th.

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.