Cognyte Software Ltd. (NASDAQ:CGNT) Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 56.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,986 shares of the medical device company’s stock after buying an additional 7,899 shares during the period. Mackenzie Financial Corp’s holdings in Cognyte Software were worth $141,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in Cognyte Software during the third quarter valued at about $8,922,000. Citigroup Inc. boosted its position in shares of Cognyte Software by 3.0% in the 3rd quarter. Citigroup Inc. now owns 138,749 shares of the medical device company’s stock valued at $667,000 after purchasing an additional 3,993 shares during the period. Legato Capital Management LLC acquired a new position in shares of Cognyte Software in the 4th quarter valued at $864,000. Phoenix Holdings Ltd. boosted its position in shares of Cognyte Software by 33.0% in the 3rd quarter. Phoenix Holdings Ltd. now owns 279,400 shares of the medical device company’s stock valued at $1,344,000 after purchasing an additional 69,400 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Cognyte Software by 203.6% in the 3rd quarter. Acadian Asset Management LLC now owns 1,578,537 shares of the medical device company’s stock valued at $7,577,000 after purchasing an additional 1,058,675 shares during the period. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Trading Up 0.1 %

Shares of Cognyte Software stock opened at $6.91 on Tuesday. Cognyte Software Ltd. has a 1 year low of $4.00 and a 1 year high of $8.53. The stock has a 50-day moving average price of $7.44 and a 200 day moving average price of $6.31. The company has a market cap of $490.75 million, a P/E ratio of -30.04 and a beta of 1.68.

Analysts Set New Price Targets

Several brokerages recently issued reports on CGNT. Wedbush increased their price objective on Cognyte Software from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com raised Cognyte Software from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 10th. Evercore ISI increased their price objective on Cognyte Software from $5.00 to $7.50 and gave the stock an “in-line” rating in a research note on Wednesday, April 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research note on Tuesday, April 9th.

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.