Invesco Ltd. Lowers Holdings in Cognyte Software Ltd. $CGNT

Invesco Ltd. lessened its stake in Cognyte Software Ltd. (NASDAQ:CGNT) by 20.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 66,122 shares of the company’s stock after selling 16,882 shares during the quarter. Invesco Ltd.’s holdings in Cognyte Software were worth $516,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Cognyte Software in the 1st quarter worth about $663,000. Bank of America Corp DE raised its position in shares of Cognyte Software by 149.3% in the 4th quarter. Bank of America Corp DE now owns 13,369 shares of the company’s stock worth $116,000 after purchasing an additional 8,007 shares during the last quarter. Signaturefd LLC raised its position in shares of Cognyte Software by 119.2% in the 1st quarter. Signaturefd LLC now owns 3,968 shares of the company’s stock worth $31,000 after purchasing an additional 2,158 shares during the last quarter. Millennium Management LLC raised its position in shares of Cognyte Software by 80.8% in the 4th quarter. Millennium Management LLC now owns 456,546 shares of the company’s stock worth $3,949,000 after purchasing an additional 204,099 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Cognyte Software in the 4th quarter worth about $112,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Cognyte Software Stock Up 3.7%

Cognyte Software stock opened at $9.01 on Friday. The business has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $9.27. The company has a market cap of $649.23 million, a P/E ratio of -81.91 and a beta of 1.65. Cognyte Software Ltd. has a 52-week low of $6.21 and a 52-week high of $11.65.

Cognyte Software (NASDAQ:CGNT) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software had a negative return on equity of 3.53% and a negative net margin of 2.18%. Cognyte Software has set its FY 2026 guidance at 0.190-0.190 EPS. Research analysts anticipate that Cognyte Software Ltd. will post -0.2 EPS for the current fiscal year.

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