Geode Capital Management LLC Buys 1,440 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

Geode Capital Management LLC grew its holdings in Cognyte Software Ltd. (NASDAQ:CGNT) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,980 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. Geode Capital Management LLC owned approximately 0.14% of Cognyte Software worth $865,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Cognyte Software during the 4th quarter valued at about $26,000. Quantbot Technologies LP acquired a new position in shares of Cognyte Software during the 4th quarter worth about $71,000. Fox Run Management L.L.C. bought a new position in Cognyte Software during the fourth quarter worth $310,000. Tidal Investments LLC grew its position in shares of Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after purchasing an additional 2,648 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Cognyte Software by 41.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company’s stock worth $445,000 after buying an additional 15,036 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CGNT shares. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Tuesday, April 8th. StockNews.com raised shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 12th.

Cognyte Software Price Performance

NASDAQ CGNT opened at $9.85 on Friday. Cognyte Software Ltd. has a one year low of $6.21 and a one year high of $11.12. The business has a 50 day simple moving average of $8.91 and a 200 day simple moving average of $8.64. The stock has a market capitalization of $709.76 million, a P/E ratio of -51.84 and a beta of 1.76.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $94.51 million during the quarter, compared to analysts’ expectations of $93.15 million. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. During the same quarter last year, the firm posted ($0.23) earnings per share. Equities analysts expect that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.

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.