William Blair Investment Management LLC Purchases 67,024 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

William Blair Investment Management LLC boosted its stake in Cognyte Software Ltd. (NASDAQ:CGNT) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,742,843 shares of the company’s stock after acquiring an additional 67,024 shares during the period. William Blair Investment Management LLC owned 3.82% of Cognyte Software worth $23,726,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Cognyte Software in the fourth quarter valued at approximately $26,000. State of New Jersey Common Pension Fund D boosted its holdings in Cognyte Software by 34.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,186 shares of the company’s stock valued at $157,000 after acquiring an additional 5,940 shares during the last quarter. XTX Topco Ltd bought a new stake in Cognyte Software in the third quarter valued at approximately $169,000. Centiva Capital LP bought a new stake in Cognyte Software in the third quarter valued at approximately $172,000. Finally, Tidal Investments LLC boosted its holdings in Cognyte Software by 4.6% in the third quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after acquiring an additional 2,648 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors.

Cognyte Software Stock Performance

Shares of CGNT opened at $8.35 on Wednesday. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.12. The business’s 50 day moving average price is $9.33 and its two-hundred day moving average price is $8.14. The firm has a market cap of $600.31 million, a PE ratio of -43.95 and a beta of 1.77.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com cut Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research note on Thursday, December 12th.

Cognyte Software Profile

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 offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.