Value Base Ltd. bought a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,719,187 shares of the company’s stock, valued at approximately $49,471,000. Cognyte Software makes up approximately 30.3% of Value Base Ltd.’s portfolio, making the stock its 2nd biggest position. Value Base Ltd. owned 7.96% of Cognyte Software as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Edenbrook Capital LLC lifted its position in shares of Cognyte Software by 3.4% during the 3rd quarter. Edenbrook Capital LLC now owns 6,283,226 shares of the company’s stock valued at $42,663,000 after buying an additional 207,675 shares in the last quarter. Scalar Gauge Management LLC boosted its stake in Cognyte Software by 3.5% during the third quarter. Scalar Gauge Management LLC now owns 440,032 shares of the company’s stock worth $2,988,000 after buying an additional 15,000 shares during the last quarter. American Capital Management Inc. grew its holdings in Cognyte Software by 8.5% in the 3rd quarter. American Capital Management Inc. now owns 6,402,813 shares of the company’s stock valued at $43,475,000 after buying an additional 502,781 shares in the last quarter. Atom Investors LP increased its stake in shares of Cognyte Software by 100.3% in the 3rd quarter. Atom Investors LP now owns 104,470 shares of the company’s stock worth $709,000 after acquiring an additional 52,310 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Cognyte Software during the 3rd quarter worth $172,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CGNT has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th. StockNews.com cut shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.
Cognyte Software Price Performance
CGNT stock opened at $8.35 on Friday. The business’s 50-day moving average is $9.31 and its two-hundred day moving average is $8.14. The firm has a market capitalization of $600.31 million, a P/E ratio of -43.95 and a beta of 1.77. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12.
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.
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