IQ EQ FUND MANAGEMENT IRELAND Ltd Has $542,000 Stake in Cognyte Software Ltd. (NASDAQ:CGNT)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in Cognyte Software Ltd. (NASDAQ:CGNT) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,659 shares of the company’s stock after selling 8,540 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.09% of Cognyte Software worth $542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Cognyte Software during the 4th quarter worth about $26,000. Quantbot Technologies LP bought a new stake in Cognyte Software during the fourth quarter worth approximately $71,000. XTX Topco Ltd acquired a new position in Cognyte Software during the third quarter valued at approximately $169,000. Centiva Capital LP bought a new position in shares of Cognyte Software in the third quarter valued at approximately $172,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Cognyte Software in the fourth quarter worth $310,000. Institutional investors own 72.92% of the company’s stock.

Cognyte Software Price Performance

NASDAQ CGNT opened at $7.95 on Friday. The company’s fifty day moving average is $9.20 and its two-hundred day moving average is $8.17. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.12. The firm has a market capitalization of $571.56 million, a price-to-earnings ratio of -41.84 and a beta of 1.77.

Analysts Set New Price Targets

Several research analysts recently commented on CGNT shares. StockNews.com downgraded shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th.

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.