Cognyte Software Ltd. $CGNT Shares Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Cognyte Software Ltd. (NASDAQ:CGNT) by 53.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,206 shares of the company’s stock after buying an additional 32,417 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Cognyte Software were worth $861,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of 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. Magnetar Financial LLC purchased a new stake in shares of Cognyte Software during the first quarter valued at $106,000. R Squared Ltd purchased a new stake in shares of Cognyte Software during the second quarter valued at $110,000. Quantbot Technologies LP lifted its holdings in shares of Cognyte Software by 106.5% during the first quarter. Quantbot Technologies LP now owns 16,924 shares of the company’s stock valued at $132,000 after purchasing an additional 8,727 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new stake in shares of Cognyte Software during the first quarter valued at $236,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Roth Capital assumed coverage on Cognyte Software in a report on Friday, October 3rd. They set a “buy” rating and a $14.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cognyte Software in a report on Wednesday, October 8th. Wall Street Zen downgraded Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research raised Cognyte Software to a “hold” rating in a report on Monday, October 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cognyte Software in a report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.00.

Cognyte Software Trading Up 0.4%

Shares of Cognyte Software stock opened at $8.50 on Wednesday. The stock has a 50-day moving average price of $8.47 and a 200 day moving average price of $9.19. The company has a market cap of $620.25 million, a P/E ratio of -141.64 and a beta of 1.63. Cognyte Software Ltd. has a 1 year low of $6.38 and a 1 year high of $11.65.

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.