US Bancorp DE Sells 3,889 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

US Bancorp DE lowered its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 23.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,493 shares of the company’s stock after selling 3,889 shares during the quarter. US Bancorp DE’s holdings in Cognyte Software were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CGNT. R Squared Ltd bought a new stake in Cognyte Software during the fourth quarter worth approximately $26,000. State of New Jersey Common Pension Fund D boosted its position in shares of Cognyte Software by 34.4% in the third 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 during the period. XTX Topco Ltd bought a new stake in shares of Cognyte Software in the third quarter valued at approximately $169,000. Centiva Capital LP bought a new stake in shares of Cognyte Software in the third quarter valued at approximately $172,000. Finally, Tidal Investments LLC boosted its position in shares of Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after acquiring an additional 2,648 shares during the period. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Trading Up 2.8 %

Shares of NASDAQ CGNT opened at $8.32 on Monday. The business has a fifty day simple moving average of $9.35 and a 200 day simple moving average of $8.12. The firm has a market capitalization of $598.16 million, a price-to-earnings ratio of -43.79 and a beta of 1.77. Cognyte Software Ltd. has a one year low of $6.21 and a one year high of $11.12.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CGNT shares. StockNews.com cut Cognyte Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 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.