SG Americas Securities LLC Takes Position in Cognyte Software Ltd. (NASDAQ:CGNT)

SG Americas Securities LLC bought a new stake in Cognyte Software Ltd. (NASDAQ:CGNT) in the first quarter, HoldingsChannel reports. The fund bought 85,063 shares of the company’s stock, valued at approximately $663,000.

A number of other large investors have also modified their holdings of CGNT. Barclays PLC grew its stake in shares of Cognyte Software by 70.0% in the fourth quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $25,000 after buying an additional 1,212 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Cognyte Software by 1,695.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 3,900 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cognyte Software in the fourth quarter valued at about $71,000. Jane Street Group LLC acquired a new stake in shares of Cognyte Software in the fourth quarter valued at about $112,000. Finally, Bank of America Corp DE grew its stake in shares of Cognyte Software by 149.3% in the fourth quarter. Bank of America Corp DE now owns 13,369 shares of the company’s stock valued at $116,000 after buying an additional 8,007 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research note on Wednesday, June 11th. Wall Street Zen upgraded Cognyte Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 12th.

Cognyte Software Stock Performance

Shares of CGNT opened at $8.83 on Friday. The company has a market capitalization of $636.29 million, a P/E ratio of -80.27 and a beta of 1.73. Cognyte Software Ltd. has a one year low of $6.21 and a one year high of $11.66. The stock has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.39.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. The firm had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. As a group, equities research analysts forecast that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

Cognyte Software 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.