Quantbot Technologies LP Purchases Shares of 8,197 Cognyte Software Ltd. (NASDAQ:CGNT)

Quantbot Technologies LP acquired a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) in the 4th quarter, Holdings Channel reports. The fund acquired 8,197 shares of the company’s stock, valued at approximately $71,000.

Other large investors have also recently made changes to their positions in the company. Atom Investors LP lifted its position in Cognyte Software by 100.3% during the 3rd quarter. Atom Investors LP now owns 104,470 shares of the company’s stock worth $709,000 after acquiring an additional 52,310 shares during the period. Centiva Capital LP purchased a new position in shares of Cognyte Software in the third quarter worth about $172,000. XTX Topco Ltd acquired a new stake in shares of Cognyte Software during the third quarter worth about $169,000. Public Employees Retirement System of Ohio purchased a new stake in Cognyte Software in the third quarter valued at approximately $1,101,000. Finally, Tidal Investments LLC increased its holdings in Cognyte Software by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock worth $407,000 after buying an additional 2,648 shares during the period. 72.92% of the stock is owned by hedge funds and other institutional investors.

Cognyte Software Price Performance

CGNT opened at $7.80 on Tuesday. The firm has a fifty day moving average price of $9.16 and a 200 day moving average price of $8.20. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12. The stock has a market cap of $560.77 million, a P/E ratio of -41.05 and a beta of 1.77.

Analyst Upgrades and Downgrades

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

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.