Cognyte Software Ltd. (NASDAQ:CGNT) Shares Purchased by Scalar Gauge Management LLC

Scalar Gauge Management LLC boosted its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 450,032 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Cognyte Software comprises about 1.8% of Scalar Gauge Management LLC’s portfolio, making the stock its 18th largest position. Scalar Gauge Management LLC’s holdings in Cognyte Software were worth $3,893,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Cognyte Software in the fourth quarter worth about $26,000. Quantbot Technologies LP purchased a new position in Cognyte Software during the 4th quarter worth approximately $71,000. XTX Topco Ltd purchased a new position in Cognyte Software during the 3rd quarter worth approximately $169,000. Centiva Capital LP acquired a new stake in Cognyte Software during the 3rd quarter valued at approximately $172,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Cognyte Software in the 4th quarter valued at $310,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a report on Thursday, December 12th. StockNews.com lowered Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Cognyte Software Price Performance

NASDAQ:CGNT opened at $7.95 on Monday. The company has a 50 day moving average price of $9.20 and a 200-day moving average price of $8.19. Cognyte Software Ltd. has a 1-year low of $6.21 and a 1-year high of $11.12. The firm has a market cap of $571.56 million, a price-to-earnings ratio of -41.84 and a beta of 1.77.

Cognyte Software Company Profile

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.