William Blair Investment Management LLC Has $11.29 Million Position in Cognyte Software Ltd. $CGNT

William Blair Investment Management LLC cut its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,343,872 shares of the company’s stock after selling 81,416 shares during the period. William Blair Investment Management LLC’s holdings in Cognyte Software were worth $11,289,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in shares of Cognyte Software by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 2,784,080 shares of the company’s stock worth $25,699,000 after purchasing an additional 129,251 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Cognyte Software by 19.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,083,646 shares of the company’s stock worth $10,013,000 after acquiring an additional 175,569 shares in the last quarter. Millennium Management LLC lifted its stake in Cognyte Software by 101.9% in the first quarter. Millennium Management LLC now owns 921,853 shares of the company’s stock valued at $7,190,000 after acquiring an additional 465,307 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Cognyte Software by 49.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 840,735 shares of the company’s stock valued at $7,768,000 after acquiring an additional 277,730 shares during the last quarter. Finally, Scalar Gauge Management LLC grew its position in shares of Cognyte Software by 44.8% in the 3rd quarter. Scalar Gauge Management LLC now owns 789,099 shares of the company’s stock valued at $6,628,000 after acquiring an additional 244,067 shares during the period. Institutional investors own 72.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Cognyte Software from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Finally, Lake Street Capital began coverage on Cognyte Software in a research note on Monday. They set a “buy” rating and a $13.00 target price for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cognyte Software has a consensus rating of “Hold” and a consensus price target of $13.50.

Cognyte Software Stock Performance

CGNT opened at $7.82 on Wednesday. The stock has a fifty day moving average of $8.39 and a 200-day moving average of $8.52. The company has a market capitalization of $570.63 million, a P/E ratio of -97.75 and a beta of 1.64. Cognyte Software Ltd. has a fifty-two week low of $6.29 and a fifty-two week high of $11.65.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. Cognyte Software had a negative net margin of 1.45% and a negative return on equity of 2.24%. The business had revenue of $100.74 million for the quarter, compared to analyst estimates of $99.58 million. Cognyte Software has set its FY 2026 guidance at 0.240-0.240 EPS. On average, equities research analysts predict that Cognyte Software Ltd. will post -0.2 earnings per share for the current fiscal year.

Cognyte Software Profile

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.