Public Employees Retirement Association of Colorado Has $83,000 Stake in Cognyte Software Ltd. (NASDAQ:CGNT)

Public Employees Retirement Association of Colorado decreased its position in Cognyte Software Ltd. (NASDAQ:CGNT) by 23.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,835 shares of the medical device company’s stock after selling 3,321 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cognyte Software were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Cognyte Software by 13.3% in the second quarter. Acadian Asset Management LLC now owns 2,611,449 shares of the medical device company’s stock valued at $19,928,000 after buying an additional 306,479 shares during the period. G2 Investment Partners Management LLC raised its holdings in shares of Cognyte Software by 241.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,366,163 shares of the medical device company’s stock valued at $8,784,000 after purchasing an additional 966,163 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Cognyte Software by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 339,452 shares of the medical device company’s stock valued at $2,807,000 after purchasing an additional 5,244 shares during the period. Scalar Gauge Management LLC acquired a new position in shares of Cognyte Software during the fourth quarter valued at about $2,001,000. Finally, Legacy Advisors LLC raised its holdings in shares of Cognyte Software by 1.4% during the second quarter. Legacy Advisors LLC now owns 143,790 shares of the medical device company’s stock valued at $1,099,000 after purchasing an additional 2,041 shares during the period. Institutional investors and hedge funds own 72.92% of the company’s stock.

Cognyte Software Trading Down 2.4 %

Shares of CGNT stock opened at $6.79 on Monday. The stock has a market capitalization of $482.25 million, a P/E ratio of -39.94 and a beta of 1.74. The firm’s 50 day moving average is $7.21 and its 200 day moving average is $7.44. Cognyte Software Ltd. has a 12 month low of $4.00 and a 12 month high of $8.70.

Cognyte Software (NASDAQ:CGNT) last posted its earnings results on Tuesday, September 10th. The medical device company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The business had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $83.69 million. Cognyte Software had a negative net margin of 1.35% and a negative return on equity of 2.56%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts predict that Cognyte Software Ltd. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

CGNT has been the topic of several research reports. Wedbush upped their price objective on shares of Cognyte Software from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, June 20th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Tuesday, September 10th. Finally, StockNews.com raised shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 19th.

Insider Activity at Cognyte Software

In other news, major shareholder Topline Capital Partners, Lp purchased 553,591 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $6.31 per share, with a total value of $3,493,159.21. Following the acquisition, the insider now directly owns 8,604,144 shares in the company, valued at $54,292,148.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Topline Capital Partners, Lp bought 553,591 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $6.31 per share, with a total value of $3,493,159.21. Following the transaction, the insider now owns 8,604,144 shares in the company, valued at approximately $54,292,148.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll bought 416,040 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $6.30 per share, with a total value of $2,621,052.00. Following the completion of the transaction, the insider now owns 9,020,184 shares in the company, valued at approximately $56,827,159.20. The disclosure for this purchase can be found here. 62.70% of the stock is owned by insiders.

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 offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.