American Capital Management Inc. Has $52.62 Million Stake in Cognyte Software Ltd. $CGNT

American Capital Management Inc. trimmed its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 3.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,496,210 shares of the company’s stock after selling 212,184 shares during the period. Cognyte Software comprises about 2.8% of American Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. American Capital Management Inc. owned approximately 0.09% of Cognyte Software worth $52,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in shares of Cognyte Software by 1,478.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,268 shares of the company’s stock worth $31,000 after buying an additional 3,061 shares during the last quarter. Quarry LP acquired a new position in shares of Cognyte Software during the 3rd quarter valued at about $33,000. Osaic Holdings Inc. increased its holdings in shares of Cognyte Software by 79.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after acquiring an additional 1,608 shares during the last quarter. FourThought Financial Partners LLC bought a new position in shares of Cognyte Software in the 4th quarter valued at approximately $95,000. Finally, Entropy Technologies LP bought a new position in shares of Cognyte Software in the 1st quarter valued at approximately $107,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CGNT shares. Wall Street Zen cut Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research lowered shares of Cognyte Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cognyte Software presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Cognyte Software Price Performance

CGNT stock opened at $8.71 on Tuesday. Cognyte Software Ltd. has a 52-week low of $6.29 and a 52-week high of $12.31. The company has a 50-day moving average of $9.13 and a two-hundred day moving average of $8.84. The stock has a market capitalization of $636.53 million, a price-to-earnings ratio of -217.75 and a beta of 1.68.

Cognyte Software (NASDAQ:CGNT) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The business had revenue of $105.49 million during the quarter, compared to the consensus estimate of $105.04 million. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities analysts expect that Cognyte Software Ltd. will post 0.08 EPS for the current fiscal year.

Cognyte Software Company Profile

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.