Essex Investment Management Co. LLC Lowers Stock Position in Cognyte Software Ltd. (NASDAQ:CGNT)

Essex Investment Management Co. LLC lowered its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,520 shares of the company's stock after selling 43,883 shares during the period. Essex Investment Management Co. LLC owned approximately 0.48% of Cognyte Software worth $2,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGNT. R Squared Ltd purchased a new position in shares of Cognyte Software in the fourth quarter valued at $26,000. State of New Jersey Common Pension Fund D increased its holdings in Cognyte Software by 34.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,186 shares of the company's stock valued at $157,000 after acquiring an additional 5,940 shares in the last quarter. XTX Topco Ltd purchased a new position in Cognyte Software during the 3rd quarter valued at about $169,000. Centiva Capital LP acquired a new position in Cognyte Software during the third quarter worth about $172,000. Finally, Tidal Investments LLC lifted its holdings in shares of Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock valued at $407,000 after purchasing an additional 2,648 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CGNT has been the subject of a number of recent research reports. StockNews.com cut shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research report on Thursday, December 12th.

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Cognyte Software Trading Up 1.0 %

Shares of Cognyte Software stock traded up $0.08 during mid-day trading on Thursday, hitting $8.09. 265,933 shares of the stock were exchanged, compared to its average volume of 291,213. The stock has a market capitalization of $581.62 million, a price-to-earnings ratio of -42.58 and a beta of 1.77. Cognyte Software Ltd. has a twelve month low of $6.21 and a twelve month high of $11.12. The company has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $8.11.

Cognyte Software Profile

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.