Cognyte Software Ltd. (NASDAQ:CGNT) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its stake in Cognyte Software Ltd. (NASDAQ:CGNT) by 149.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,369 shares of the company’s stock after buying an additional 8,007 shares during the period. Bank of America Corp DE’s holdings in Cognyte Software were worth $116,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Cognyte Software in the 4th quarter valued at $71,000. JPMorgan Chase & Co. boosted its holdings in shares of Cognyte Software by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 413,448 shares of the company’s stock valued at $3,576,000 after buying an additional 26,487 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Cognyte Software in the 4th quarter valued at $112,000. BNP Paribas Financial Markets acquired a new position in shares of Cognyte Software in the 4th quarter valued at $312,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Cognyte Software by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 99,980 shares of the company’s stock valued at $865,000 after buying an additional 1,440 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Wednesday, June 11th.

Cognyte Software Price Performance

CGNT stock opened at $9.41 on Tuesday. The company has a fifty day moving average price of $10.05 and a 200 day moving average price of $9.38. Cognyte Software Ltd. has a 12 month low of $6.21 and a 12 month high of $11.66. The company has a market cap of $678.06 million, a price-to-earnings ratio of -49.53 and a beta of 1.73.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 EPS for the quarter. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. The firm had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. As a group, analysts anticipate that Cognyte Software Ltd. will post -0.2 earnings per share for the current year.

About Cognyte Software

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.