Quantbot Technologies LP Buys Shares of 8,197 Cognyte Software Ltd. (NASDAQ:CGNT)

Quantbot Technologies LP purchased a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,197 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Cognyte Software in the fourth quarter worth about $26,000. XTX Topco Ltd bought a new position in shares of Cognyte Software during the third quarter valued at approximately $169,000. Centiva Capital LP purchased a new position in Cognyte Software during the third quarter valued at approximately $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Cognyte Software by 41.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company’s stock worth $445,000 after buying an additional 15,036 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in 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 buying an additional 2,648 shares during the period. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a report on Thursday, December 12th. StockNews.com downgraded shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Cognyte Software Price Performance

Cognyte Software stock opened at $7.80 on Tuesday. Cognyte Software Ltd. has a 1-year low of $6.21 and a 1-year high of $11.12. The business has a fifty day moving average price of $9.16 and a 200-day moving average price of $8.20. The stock has a market capitalization of $560.77 million, a price-to-earnings ratio of -41.05 and a beta of 1.77.

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.