Connor Clark & Lunn Investment Management Ltd. reduced its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,547 shares of the company's stock after selling 36,003 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.11% of Cognyte Software worth $6,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Cognyte Software in the 4th quarter worth $26,000. State of New Jersey Common Pension Fund D grew its holdings in Cognyte Software by 34.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,186 shares of the company's stock worth $157,000 after acquiring an additional 5,940 shares during the last quarter. XTX Topco Ltd bought a new position in Cognyte Software in the 3rd quarter worth $169,000. Centiva Capital LP bought a new stake in shares of Cognyte Software during the 3rd quarter valued at $172,000. Finally, Tidal Investments LLC boosted its holdings in Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock worth $407,000 after acquiring an additional 2,648 shares in the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.
Cognyte Software Stock Up 2.6 %
Shares of Cognyte Software stock traded up $0.22 during midday trading on Monday, hitting $8.54. The company had a trading volume of 127,931 shares, compared to its average volume of 285,629. Cognyte Software Ltd. has a 12-month low of $6.21 and a 12-month high of $11.12. The company has a fifty day simple moving average of $9.35 and a 200 day simple moving average of $8.12. The stock has a market cap of $613.97 million, a price-to-earnings ratio of -44.97 and a beta of 1.77.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on CGNT shares. StockNews.com cut shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Thursday, December 12th.
Check Out Our Latest Research Report on CGNT
Cognyte Software Profile
(
Free Report)
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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