XTX Topco Ltd bought a new position in shares of Cognyte Software Ltd in the third quarter. (NASDAQ:CGNT – Free Report), reports Holdings Channel.com. The fund bought 24,955 shares of the company, worth approximately $169,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Cognyte Software by 91.4% in the second quarter. Signaturefd LLC now owns 3,311 shares of the company’s stock valued at $25,000 after purchasing an additional 1,581 shares during the period. nVerses Capital LLC acquired a new stake in Cognyte Software in the second quarter worth approximately $28,000. Magnetar Financial LLC bought a new position in Cognyte Software in the second quarter worth approximately $117,000. New Jersey’s Common Pension Fund D grew its stake in Cognyte Software by 34.4% in the third quarter. New Jersey Common Pension Fund D now owns 23,186 shares of the company’s stock worth $157,000 after acquiring an additional 5,940 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Cognyte Software in the third quarter, valued at approximately $172,000. 72.92% of the shares are held by institutional investors and hedge funds.
Wall Street analysts weigh in
A number of stock analysts have recently commented on CGNT stock. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research note on Thursday, December 12. StockNews.com downgraded Cognyte Software from a “strong buy” rating to a “hold” rating in a research report on Wednesday.
Read our latest research report on Cognyte Software
Cognyte software drops 0.3%
CGNT stock opened at $8.67 on Friday. The stock has a market cap of $623.32 million, a price-to-earnings ratio of -45.63 and a beta of 1.81. Cognyte Software Ltd. has a 12-month low of $5.44 and a 12-month high of $9.59. The company’s 50 day moving average is $7.59 and its 200 day moving average is $7.41.
Cognyte Software announced that its Board of Directors on Tuesday, November 12, approved a stock repurchase program that authorizes the company to repurchase $20.00 million of outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.7% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes the stock is undervalued.
Cognyte Software Company Profile
(Free report)
Cognyte Software Ltd. provides research analysis software to governments and corporations worldwide. It is Actionable Intelligence for a Safer World, an open software designed to help governments and companies accelerate and improve the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics and operational intelligence analytics solutions.
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Would you like to see which other hedge funds own CGNT? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Cognyte Software Ltd. (NASDAQ:CGNT – Free Report).
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