Public Employees Retirement System of Ohio Makes New $2.18 Million Investment in Cognyte Software Ltd. $CGNT

Public Employees Retirement System of Ohio purchased a new stake in Cognyte Software Ltd. (NASDAQ:CGNT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 248,550 shares of the company’s stock, valued at approximately $2,182,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Capital Management Inc. lifted its stake in shares of Cognyte Software by 0.6% in the third quarter. American Capital Management Inc. now owns 6,751,962 shares of the company’s stock worth $56,716,000 after acquiring an additional 39,721 shares during the period. Westerly Capital Management LLC raised its holdings in Cognyte Software by 5.0% during the 4th quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company’s stock worth $10,857,000 after purchasing an additional 55,000 shares during the last quarter. Millennium Management LLC lifted its position in shares of Cognyte Software by 101.9% in the 1st quarter. Millennium Management LLC now owns 921,853 shares of the company’s stock worth $7,190,000 after purchasing an additional 465,307 shares during the period. Scalar Gauge Management LLC boosted its stake in shares of Cognyte Software by 14.6% in the 4th quarter. Scalar Gauge Management LLC now owns 904,099 shares of the company’s stock valued at $8,499,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Samjo Management LLC increased its position in shares of Cognyte Software by 64.4% during the fourth quarter. Samjo Management LLC now owns 896,325 shares of the company’s stock worth $8,425,000 after buying an additional 351,150 shares during the period. Institutional investors and hedge funds own 72.92% of the company’s stock.

Analysts Set New Price Targets

CGNT has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded Cognyte Software from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.50.

Cognyte Software Price Performance

NASDAQ CGNT opened at $8.47 on Monday. Cognyte Software Ltd. has a 52 week low of $6.29 and a 52 week high of $12.31. The business has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.89. The company has a market cap of $625.93 million, a price-to-earnings ratio of -211.75 and a beta of 1.67.

Cognyte Software Company 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.