Public Employees Retirement System of Ohio Acquires New Holdings in Cognyte Software Ltd. (NASDAQ:CGNT)

Public Employees Retirement System of Ohio acquired a new position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 162,113 shares of the company's stock, valued at approximately $1,101,000. Public Employees Retirement System of Ohio owned about 0.23% of Cognyte Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in Cognyte Software by 91.4% during the 2nd quarter. Signaturefd LLC now owns 3,311 shares of the company's stock worth $25,000 after buying an additional 1,581 shares during the period. nVerses Capital LLC acquired a new stake in shares of Cognyte Software during the second quarter valued at approximately $28,000. Magnetar Financial LLC acquired a new stake in shares of Cognyte Software during the second quarter valued at approximately $117,000. State of New Jersey Common Pension Fund D lifted its position in shares of 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 valued at $157,000 after acquiring an additional 5,940 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Cognyte Software in the 3rd quarter worth approximately $169,000. 72.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Cognyte Software Stock Performance

Shares of CGNT stock traded down $0.03 during trading on Friday, hitting $8.67. 194,899 shares of the company were exchanged, compared to its average volume of 309,822. The business's 50-day simple moving average is $7.59 and its 200 day simple moving average is $7.41. Cognyte Software Ltd. has a twelve month low of $5.44 and a twelve month high of $9.59. The firm has a market capitalization of $623.32 million, a price-to-earnings ratio of -45.63 and a beta of 1.81.

Cognyte Software announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 12th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

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.