Connor Clark & Lunn Investment Management Ltd. Sells 36,003 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,547 shares of the company’s stock after selling 36,003 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cognyte Software were worth $6,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Cognyte Software during the 4th quarter valued at approximately $26,000. State of New Jersey Common Pension Fund D boosted its position in shares of 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 period. XTX Topco Ltd acquired a new stake in shares of Cognyte Software in the third quarter worth $169,000. Centiva Capital LP bought a new position in Cognyte Software during the third quarter worth $172,000. Finally, Tidal Investments LLC raised its stake in Cognyte Software by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 59,902 shares of the company’s stock valued at $407,000 after purchasing an additional 2,648 shares during the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Cognyte Software Stock Performance

NASDAQ:CGNT opened at $8.32 on Friday. The company has a 50-day moving average of $9.35 and a 200-day moving average of $8.12. Cognyte Software Ltd. has a 52 week low of $6.21 and a 52 week high of $11.12. The company has a market capitalization of $598.16 million, a price-to-earnings ratio of -43.79 and a beta of 1.77.

Wall Street Analyst Weigh In

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

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.