Y Intercept Hong Kong Ltd Sells 93,541 Shares of Cognyte Software Ltd. $CGNT

Y Intercept Hong Kong Ltd reduced its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 48.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,682 shares of the company’s stock after selling 93,541 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.13% of Cognyte Software worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Cognyte Software during the 3rd quarter worth approximately $27,000. Silverberg Bernstein Capital Management LLC lifted its stake in shares of Cognyte Software by 4.5% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 159,000 shares of the company’s stock valued at $1,335,000 after purchasing an additional 6,900 shares during the period. Osaic Holdings Inc. boosted its position in shares of Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock worth $34,000 after purchasing an additional 1,608 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Cognyte Software by 73.5% during the second quarter. State of Tennessee Department of Treasury now owns 61,249 shares of the company’s stock worth $566,000 after purchasing an additional 25,953 shares during the period. Finally, Tidal Investments LLC increased its holdings in Cognyte Software by 22.1% in the second quarter. Tidal Investments LLC now owns 49,403 shares of the company’s stock valued at $456,000 after purchasing an additional 8,927 shares during the last quarter. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Trading Up 1.7%

CGNT stock opened at $9.18 on Tuesday. Cognyte Software Ltd. has a 1-year low of $7.64 and a 1-year high of $11.65. The firm has a market capitalization of $669.86 million, a PE ratio of -114.75 and a beta of 1.61. The business’s 50 day simple moving average is $9.17 and its 200 day simple moving average is $8.80.

Cognyte Software (NASDAQ:CGNT) last announced its earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The business had revenue of $100.74 million during the quarter, compared to the consensus estimate of $99.58 million. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. As a group, sell-side analysts predict that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CGNT shares. Wall Street Zen upgraded Cognyte Software from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research upgraded shares of Cognyte Software to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

About Cognyte Software

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.