11,875 Shares in Cognyte Software Ltd. $CGNT Bought by R Squared Ltd

R Squared Ltd acquired a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,875 shares of the company’s stock, valued at approximately $110,000.

Several other hedge funds have also recently bought and sold shares of the business. Edenbrook Capital LLC increased its position in Cognyte Software by 1.3% during the first quarter. Edenbrook Capital LLC now owns 6,635,083 shares of the company’s stock worth $51,754,000 after buying an additional 82,500 shares during the last quarter. Acadian Asset Management LLC increased its position in Cognyte Software by 5.6% during the first quarter. Acadian Asset Management LLC now owns 2,654,829 shares of the company’s stock worth $20,682,000 after buying an additional 140,793 shares during the last quarter. Millennium Management LLC increased its position in Cognyte Software by 101.9% during the first quarter. Millennium Management LLC now owns 921,853 shares of the company’s stock worth $7,190,000 after buying an additional 465,307 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Cognyte Software by 14.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,077 shares of the company’s stock worth $7,083,000 after buying an additional 112,530 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Cognyte Software during the first quarter worth $4,495,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Stock Up 1.2%

Shares of CGNT opened at $8.38 on Monday. Cognyte Software Ltd. has a 12-month low of $6.38 and a 12-month high of $11.65. The firm has a market capitalization of $611.49 million, a price-to-earnings ratio of -139.64 and a beta of 1.63. The stock’s 50-day moving average price is $8.49 and its 200 day moving average price is $9.21.

Analyst Upgrades and Downgrades

CGNT has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a research report on Friday. Zacks Research raised Cognyte Software to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognyte Software in a research report on Monday, July 28th. Finally, Roth Capital initiated coverage on Cognyte Software in a research report on Friday, October 3rd. They issued a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cognyte Software presently has an average rating of “Hold” and a consensus target price of $14.00.

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.