Y Intercept Hong Kong Ltd Makes New Investment in Cognyte Software Ltd. $CGNT

Y Intercept Hong Kong Ltd purchased a new stake in Cognyte Software Ltd. (NASDAQ:CGNT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 81,052 shares of the company’s stock, valued at approximately $657,000. Y Intercept Hong Kong Ltd owned 0.11% of Cognyte Software at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CGNT. American Capital Management Inc. lifted its holdings in shares of Cognyte Software by 0.6% during the 3rd quarter. American Capital Management Inc. now owns 6,751,962 shares of the company’s stock worth $56,716,000 after acquiring an additional 39,721 shares during the period. Westerly Capital Management LLC grew its holdings in Cognyte Software by 5.0% in the fourth quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company’s stock valued at $10,857,000 after purchasing an additional 55,000 shares during the period. Millennium Management LLC increased its position in Cognyte Software by 101.9% during the first quarter. Millennium Management LLC now owns 921,853 shares of the company’s stock worth $7,190,000 after purchasing an additional 465,307 shares during the last quarter. Scalar Gauge Management LLC increased its position in Cognyte Software by 14.6% during the fourth quarter. Scalar Gauge Management LLC now owns 904,099 shares of the company’s stock worth $8,499,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Samjo Management LLC increased its position in Cognyte Software by 64.4% during the fourth quarter. Samjo Management LLC now owns 896,325 shares of the company’s stock worth $8,425,000 after purchasing an additional 351,150 shares during the last quarter. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CGNT. Zacks Research lowered shares of Cognyte Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Wall Street Zen downgraded Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

Cognyte Software Stock Performance

NASDAQ CGNT opened at $9.04 on Tuesday. The firm has a market capitalization of $660.63 million, a price-to-earnings ratio of -226.00 and a beta of 1.68. Cognyte Software Ltd. has a one year low of $6.29 and a one year high of $12.31. The company’s 50 day moving average price is $9.47 and its 200 day moving average price is $8.88.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.The business had revenue of $105.49 million for the quarter, compared to analysts’ expectations of $105.04 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Sell-side analysts forecast that Cognyte Software Ltd. will post 0.08 EPS for the current fiscal year.

Cognyte Software Company Profile

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.