JPMorgan Chase & Co. Increases Holdings in Cognyte Software Ltd. (NASDAQ:CGNT)

JPMorgan Chase & Co. raised its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,448 shares of the company's stock after acquiring an additional 26,487 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of Cognyte Software worth $3,576,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new stake in shares of Cognyte Software during the 4th quarter valued at about $310,000. Quantbot Technologies LP acquired a new stake in shares of Cognyte Software during the 4th quarter worth approximately $71,000. Value Base Ltd. bought a new stake in shares of Cognyte Software in the 4th quarter valued at $49,471,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cognyte Software by 41.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company's stock valued at $445,000 after acquiring an additional 15,036 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Cognyte Software by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company's stock worth $23,726,000 after acquiring an additional 67,024 shares in the last quarter. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Cognyte Software Trading Up 2.2 %

Shares of CGNT traded up $0.20 during trading hours on Thursday, reaching $9.50. The stock had a trading volume of 129,480 shares, compared to its average volume of 281,370. The firm has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $8.51. Cognyte Software Ltd. has a 12 month low of $6.21 and a 12 month high of $11.12. The company has a market capitalization of $684.76 million, a price-to-earnings ratio of -50.08 and a beta of 1.76.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $94.51 million during the quarter, compared to analyst estimates of $93.15 million. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. During the same period in the previous year, the company posted ($0.23) EPS. On average, equities analysts forecast that Cognyte Software Ltd. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CGNT. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognyte Software in a research note on Tuesday, April 8th. StockNews.com raised Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.

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.