William Blair Investment Management LLC Has $23.73 Million Stake in Cognyte Software Ltd. (NASDAQ:CGNT)

William Blair Investment Management LLC lifted its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,742,843 shares of the company’s stock after purchasing an additional 67,024 shares during the period. William Blair Investment Management LLC’s holdings in Cognyte Software were worth $23,726,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Cognyte Software during the fourth quarter worth approximately $26,000. State of New Jersey Common Pension Fund D raised its position in shares of Cognyte Software by 34.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,186 shares of the company’s stock worth $157,000 after purchasing an additional 5,940 shares during the period. XTX Topco Ltd acquired a new position in shares of Cognyte Software during the third quarter worth approximately $169,000. Centiva Capital LP purchased a new stake in Cognyte Software in the 3rd quarter valued at $172,000. Finally, Tidal Investments LLC raised its position in Cognyte Software by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after buying an additional 2,648 shares during the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CGNT shares. StockNews.com lowered Cognyte Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th.

Cognyte Software Price Performance

Shares of NASDAQ:CGNT opened at $8.35 on Wednesday. The company has a market capitalization of $600.31 million, a PE ratio of -43.95 and a beta of 1.77. The business has a fifty day moving average price of $9.33 and a two-hundred day moving average price of $8.14. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12.

Cognyte Software Company 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.