Value Base Ltd. Purchases Shares of 5,719,187 Cognyte Software Ltd. (NASDAQ:CGNT)

Value Base Ltd. acquired a new position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) in the 4th quarter, Holdings Channel reports. The fund acquired 5,719,187 shares of the company’s stock, valued at approximately $49,471,000. Cognyte Software makes up about 30.3% of Value Base Ltd.’s portfolio, making the stock its 2nd biggest holding. Value Base Ltd. owned approximately 0.08% of Cognyte Software as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Cognyte Software by 41.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,448 shares of the company’s stock valued at $445,000 after purchasing an additional 15,036 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Cognyte Software by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,742,843 shares of the company’s stock valued at $23,726,000 after buying an additional 67,024 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Cognyte Software in the fourth quarter valued at approximately $26,000. Tidal Investments LLC grew its position in shares of Cognyte Software by 4.6% during the third quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock worth $407,000 after acquiring an additional 2,648 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Cognyte Software in the 3rd quarter valued at $1,101,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Cognyte Software Price Performance

NASDAQ:CGNT opened at $8.35 on Friday. The firm has a market cap of $600.31 million, a price-to-earnings ratio of -43.95 and a beta of 1.77. The firm’s fifty day moving average price is $9.31 and its 200 day moving average price is $8.14. Cognyte Software Ltd. has a 1-year low of $6.21 and a 1-year high of $11.12.

Wall Street Analyst Weigh In

CGNT has been the subject of a number of recent research reports. StockNews.com cut shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a report 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.