William Blair Investment Management LLC raised its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,742,843 shares of the company's stock after buying an additional 67,024 shares during the period. William Blair Investment Management LLC owned approximately 3.82% of Cognyte Software worth $23,726,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGNT. Tidal Investments LLC lifted its position in shares of Cognyte Software by 4.6% during the third quarter. Tidal Investments LLC now owns 59,902 shares of the company's stock worth $407,000 after purchasing an additional 2,648 shares during the last quarter. R Squared Ltd bought a new position in shares of Cognyte Software during the fourth quarter worth about $26,000. State of New Jersey Common Pension Fund D lifted its position in shares of Cognyte Software by 34.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,186 shares of the company's stock worth $157,000 after purchasing an additional 5,940 shares during the last quarter. Scalar Gauge Management LLC lifted its position in shares of Cognyte Software by 3.5% during the third quarter. Scalar Gauge Management LLC now owns 440,032 shares of the company's stock worth $2,988,000 after purchasing an additional 15,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Cognyte Software during the third quarter worth about $169,000. 72.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on CGNT. 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 reiterated a "hold" rating on shares of Cognyte Software in a research note on Thursday, December 12th.
View Our Latest Report on Cognyte Software
Cognyte Software Trading Down 0.2 %
CGNT traded down $0.02 on Friday, hitting $8.33. 285,340 shares of the company's stock were exchanged, compared to its average volume of 265,413. The firm has a market cap of $598.88 million, a PE ratio of -43.84 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 stock has a fifty day moving average of $9.31 and a two-hundred day moving average of $8.14.
Cognyte Software Company 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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