Cognyte Software Ltd. (NASDAQ:CGNT – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $8.23 and last traded at $8.17, with a volume of 71579 shares changing hands. The stock had previously closed at $8.01.
Analyst Ratings Changes
Separately, StockNews.com cut Cognyte Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th.
Check Out Our Latest Report on CGNT
Cognyte Software Stock Performance
Hedge Funds Weigh In On Cognyte Software
Several large investors have recently added to or reduced their stakes in CGNT. Y.D. More Investments Ltd bought a new position in Cognyte Software during the third quarter worth $8,922,000. Private Capital Management LLC acquired a new position in shares of Cognyte Software during the second quarter valued at $6,503,000. Edenbrook Capital LLC increased its holdings in shares of Cognyte Software by 144.0% during the first quarter. Edenbrook Capital LLC now owns 1,967,866 shares of the medical device company’s stock valued at $22,256,000 after purchasing an additional 1,161,200 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Cognyte Software by 203.6% during the third quarter. Acadian Asset Management LLC now owns 1,578,537 shares of the medical device company’s stock valued at $7,577,000 after purchasing an additional 1,058,675 shares during the period. Finally, G2 Investment Partners Management LLC grew its holdings in Cognyte Software by 241.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,366,163 shares of the medical device company’s stock worth $8,784,000 after acquiring an additional 966,163 shares during the period. 72.92% of the stock is currently owned by institutional investors.
About Cognyte Software
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 also offers network intelligence analytics, open source and threat intelligence analytics, and operational intelligence analytics solutions.
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