William Blair Investment Management LLC Has $13.17 Million Stake in Cognyte Software Ltd. $CGNT

William Blair Investment Management LLC trimmed its holdings in Cognyte Software Ltd. (NASDAQ:CGNT) by 45.6% in the second quarter, Holdings Channel reports. The fund owned 1,425,288 shares of the company’s stock after selling 1,195,724 shares during the period. William Blair Investment Management LLC’s holdings in Cognyte Software were worth $13,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Algert Global LLC boosted its position in shares of Cognyte Software by 5.0% during the first quarter. Algert Global LLC now owns 32,388 shares of the company’s stock worth $253,000 after buying an additional 1,530 shares during the period. Signaturefd LLC boosted its position in Cognyte Software by 119.2% during the first quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock valued at $31,000 after purchasing an additional 2,158 shares during the last quarter. Jump Financial LLC boosted its position in Cognyte Software by 5.7% during the first quarter. Jump Financial LLC now owns 43,141 shares of the company’s stock valued at $336,000 after purchasing an additional 2,341 shares during the last quarter. Quantbot Technologies LP raised its stake in Cognyte Software by 106.5% in the first quarter. Quantbot Technologies LP now owns 16,924 shares of the company’s stock valued at $132,000 after buying an additional 8,727 shares during the period. Finally, Magnetar Financial LLC bought a new stake in Cognyte Software in the first quarter valued at approximately $106,000. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Trading Up 1.3%

CGNT stock opened at $8.05 on Tuesday. The stock has a 50-day moving average price of $8.53 and a 200-day moving average price of $9.23. Cognyte Software Ltd. has a 1-year low of $6.38 and a 1-year high of $11.65. The firm has a market cap of $587.41 million, a PE ratio of -134.14 and a beta of 1.63.

Analyst Upgrades and Downgrades

CGNT has been the topic of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research note on Monday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cognyte Software in a research report on Wednesday, October 8th. Roth Capital started coverage on Cognyte Software in a report on Friday, October 3rd. They issued a “buy” rating and a $14.00 target price on the stock. Wall Street Zen downgraded Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Zacks Research raised Cognyte Software to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cognyte Software has a consensus rating of “Hold” and an average target price of $14.00.

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.