Value Base Ltd. purchased a new stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,719,187 shares of the company's stock, valued at approximately $49,471,000. Cognyte Software accounts for 30.3% of Value Base Ltd.'s investment portfolio, making the stock its 2nd biggest position. Value Base Ltd. owned 7.96% of Cognyte Software at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CGNT. R Squared Ltd acquired a new stake in Cognyte Software in the 4th quarter valued at $26,000. XTX Topco Ltd bought a new stake in Cognyte Software during the third quarter worth about $169,000. Centiva Capital LP bought a new position in Cognyte Software in the third quarter valued at approximately $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $445,000 after purchasing an additional 15,036 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Cognyte Software by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock valued at $407,000 after buying an additional 2,648 shares during the last quarter. Institutional investors and hedge funds own 72.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Thursday, December 12th.
View Our Latest Stock Analysis on Cognyte Software
Cognyte Software Price Performance
Cognyte Software stock traded down $0.07 during mid-day trading on Tuesday, hitting $8.30. 462,925 shares of the company's stock traded hands, compared to its average volume of 266,080. Cognyte Software Ltd. has a fifty-two week low of $6.21 and a fifty-two week high of $11.12. The stock has a market cap of $596.72 million, a price-to-earnings ratio of -43.68 and a beta of 1.77. The firm has a 50 day simple moving average of $9.29 and a two-hundred day simple moving average of $8.17.
Cognyte Software Profile
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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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