Connor Clark & Lunn Investment Management Ltd. decreased its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,547 shares of the company's stock after selling 36,003 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.11% of Cognyte Software worth $6,881,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CGNT. American Capital Management Inc. grew its stake in shares of 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 during the period. Edenbrook Capital LLC grew its stake in shares of Cognyte Software by 3.4% in 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 during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Cognyte Software in the 3rd quarter valued at approximately $1,101,000. Atom Investors LP grew 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 valued at $709,000 after buying an additional 52,310 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Cognyte Software in the 3rd quarter valued at approximately $172,000. Hedge funds and other institutional investors own 72.92% of the company's stock.
Cognyte Software Price Performance
Shares of NASDAQ:CGNT traded up $0.23 during mid-day trading on Friday, reaching $8.32. 178,819 shares of the company were exchanged, compared to its average volume of 288,919. The firm has a market cap of $598.16 million, a price-to-earnings ratio of -43.79 and a beta of 1.77. The firm's 50-day simple moving average is $9.35 and its 200 day simple moving average is $8.12. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12.
Analysts Set New Price Targets
CGNT has been the subject of a number of research analyst reports. StockNews.com cut shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a research report on Thursday, December 12th.
Check Out Our Latest Stock Analysis on CGNT
About Cognyte Software
(
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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