Cognyte Software (NASDAQ:CGNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cognyte Software (NASDAQ:CGNT) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

CGNT has been the subject of a number of other research reports. Weiss Ratings raised Cognyte Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Zacks Research raised Cognyte Software from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.00.

Cognyte Software Trading Down 0.5%

Cognyte Software stock opened at $8.77 on Friday. Cognyte Software has a 1-year low of $6.29 and a 1-year high of $12.31. The firm’s fifty day simple moving average is $8.70 and its 200-day simple moving average is $9.03. The company has a market capitalization of $648.10 million, a P/E ratio of 293.83 and a beta of 1.59.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $109.24 million during the quarter, compared to analysts’ expectations of $108.51 million. Cognyte Software had a negative net margin of 0.01% and a positive return on equity of 1.31%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. On average, equities research analysts predict that Cognyte Software will post 0.14 earnings per share for the current year.

Institutional Trading of Cognyte Software

A number of institutional investors and hedge funds have recently modified their holdings of CGNT. Tidal Investments LLC boosted its holdings in Cognyte Software by 137.3% during the second quarter. Tidal Investments LLC now owns 119,440 shares of the company’s stock valued at $1,049,000 after acquiring an additional 69,103 shares during the period. Engineers Gate Manager LP grew its position in shares of Cognyte Software by 26.4% in the second quarter. Engineers Gate Manager LP now owns 94,490 shares of the company’s stock valued at $830,000 after purchasing an additional 19,718 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Cognyte Software by 43.5% in the second quarter. NewEdge Advisors LLC now owns 16,594 shares of the company’s stock worth $146,000 after purchasing an additional 5,034 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Cognyte Software in the second quarter worth about $2,182,000. Finally, American Capital Management Inc. bought a new position in shares of Cognyte Software in the second quarter worth about $54,292,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Cognyte Software Company Profile

Cognyte Software Ltd. (NASDAQ: CGNT) develops software and analytics solutions that help government agencies, law enforcement organizations and other customers investigate threats, detect criminal activity and derive insights from large volumes of data. Its technologies are designed to support intelligence gathering, public safety and operational decision-making.

The company’s offerings include digital and network intelligence, investigative analytics, video and audio analytics, and related data-management tools.