Cognyte Software (NASDAQ:CGNT) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Cognyte Software (NASDAQ:CGNT) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

A number of other research firms have also commented on CGNT. Evercore ISI raised their price target on Cognyte Software from $5.00 to $7.50 and gave the stock an in-line rating in a report on Wednesday. Needham & Company LLC reissued a hold rating on shares of Cognyte Software in a research note on Tuesday.

Cognyte Software Price Performance

Cognyte Software stock opened at $6.97 on Wednesday. Cognyte Software has a one year low of $3.75 and a one year high of $8.53. The business has a fifty day moving average price of $7.60 and a 200-day moving average price of $6.11. The firm has a market capitalization of $479.81 million, a P/E ratio of -11.81 and a beta of 1.68.

Institutional Investors Weigh In On Cognyte Software

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in Cognyte Software during the first quarter valued at $45,000. Tower Research Capital LLC TRC purchased a new stake in Cognyte Software during the fourth quarter valued at about $37,000. Lazard Asset Management LLC purchased a new stake in Cognyte Software during the second quarter valued at about $56,000. State of Wyoming raised its position in Cognyte Software by 72.9% during the second quarter. State of Wyoming now owns 9,794 shares of the medical device company’s stock valued at $60,000 after purchasing an additional 4,130 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in Cognyte Software by 73.2% during the fourth quarter. State of Tennessee Treasury Department now owns 12,364 shares of the medical device company’s stock valued at $80,000 after purchasing an additional 5,225 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Company 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 also offers network intelligence analytics, open source and threat intelligence analytics, and operational intelligence analytics solutions.