US Bancorp DE Has $108,000 Position in Cognyte Software Ltd. (NASDAQ:CGNT)

US Bancorp DE reduced its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 23.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,493 shares of the company’s stock after selling 3,889 shares during the quarter. US Bancorp DE’s holdings in Cognyte Software were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in Cognyte Software during the fourth quarter worth $26,000. Tidal Investments LLC grew its holdings in shares of Cognyte Software by 4.6% during the third quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock worth $407,000 after purchasing an additional 2,648 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Cognyte Software during the third quarter worth $1,101,000. XTX Topco Ltd bought a new stake in shares of Cognyte Software during the third quarter worth $169,000. Finally, Centiva Capital LP bought a new stake in shares of Cognyte Software during the third quarter worth $172,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on CGNT shares. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a report on Thursday, December 12th. StockNews.com cut Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Cognyte Software Stock Up 2.8 %

Cognyte Software stock opened at $8.32 on Monday. The business’s 50-day simple moving average is $9.35 and its 200 day simple moving average is $8.12. The stock has a market cap of $598.16 million, a price-to-earnings ratio of -43.79 and a beta of 1.77. Cognyte Software Ltd. has a 12-month low of $6.21 and a 12-month high of $11.12.

About Cognyte Software

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.