Russell Investments Group Ltd. raised its stake in shares of Cognyte Software program Ltd. (NASDAQ:CGNT – Get Score) by 337.8% through the 1st quarter, in accordance with its most up-to-date submitting with the SEC. The agency owned 281,082 shares of the medical machine firm’s inventory after buying an extra 216,885 shares through the interval. Russell Investments Group Ltd. owned roughly 0.42% of Cognyte Software program value $3,176,000 as of its most up-to-date SEC submitting.

Different hedge funds and different institutional traders have additionally purchased and bought shares of the corporate. Allspring World Investments Holdings LLC purchased a brand new place in Cognyte Software program through the 4th quarter valued at about $59,000. Signaturefd LLC lifted its stake in Cognyte Software program by 17.4% through the 1st quarter. Signaturefd LLC now owns 12,062 shares of the medical machine firm’s inventory valued at $136,000 after buying an extra 1,791 shares through the interval. Envestnet Asset Administration Inc. lifted its stake in Cognyte Software program by 29.7% through the 1st quarter. Envestnet Asset Administration Inc. now owns 13,112 shares of the medical machine firm’s inventory valued at $148,000 after buying an extra 3,000 shares through the interval. Cullen Frost Bankers Inc. lifted its stake in Cognyte Software program by 19.2% through the 4th quarter. Cullen Frost Bankers Inc. now owns 11,155 shares of the medical machine firm’s inventory valued at $175,000 after buying an extra 1,800 shares through the interval. Lastly, State of New Jersey Frequent Pension Fund D purchased a brand new place in Cognyte Software program through the 4th quarter valued at about $183,000. Institutional traders personal 84.22% of the corporate’s inventory.

Analysts Set New Worth Targets

CGNT has been the subject of a number of analysis analyst stories. StockNews.com upgraded shares of Cognyte Software program from a “promote” score to a “maintain” score in a analysis observe on Saturday, July 30th. William Blair lower shares of Cognyte Software program from an “outperform” score to a “market carry out” score in a analysis observe on Tuesday, June 28th. 4 analysts have rated the inventory with a maintain score and two have issued a purchase score to the inventory. Primarily based on knowledge from MarketBeat, Cognyte Software program presently has a median score of “Maintain” and a consensus worth goal of $13.25.

Cognyte Software program Inventory Up 1.2 %

Shares of NASDAQ:CGNT opened at $5.11 on Friday. The agency’s 50 day transferring common worth is $5.13 and its 200-day transferring common worth is $7.74. Cognyte Software program Ltd. has a twelve month low of $3.91 and a twelve month excessive of $28.55. The inventory has a market capitalization of $344.82 million, a PE ratio of -8.38 and a beta of two.24.

Cognyte Software program (NASDAQ:CGNT – Get Score) final launched its earnings outcomes on Tuesday, June 28th. The medical machine firm reported ($0.85) EPS for the quarter, lacking analysts’ consensus estimates of ($0.04) by ($0.81). Cognyte Software program had a destructive return on fairness of 23.12% and a destructive internet margin of 9.17%. The agency had income of $86.40 million for the quarter, in comparison with the consensus estimate of $112.60 million. Throughout the identical quarter within the earlier yr, the enterprise posted $0.07 EPS. Cognyte Software program’s income was down 24.7% on a year-over-year foundation. Analysts anticipate that Cognyte Software program Ltd. will put up -1.08 earnings per share for the present fiscal yr.

Cognyte Software program Firm Profile

(Get Score)

Cognyte Software program Ltd. supplies an investigative analytics software program to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software program designed to assist governments and enterprises speed up and improve the effectiveness of investigations. The corporate additionally affords community intelligence analytics, open supply and risk intelligence analytics, and operational intelligence analytics options.

Learn Extra

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