IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 8,540 Shares of Cognyte Software Ltd. (NASDAQ:CGNT)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 12.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 62,659 shares of the company’s stock after selling 8,540 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Cognyte Software were worth $542,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Cognyte Software in the fourth quarter valued at $26,000. Quantbot Technologies LP acquired a new stake in shares of Cognyte Software in the 4th quarter valued at $71,000. XTX Topco Ltd bought a new stake in shares of Cognyte Software in the 3rd quarter worth about $169,000. Centiva Capital LP acquired a new stake in shares of Cognyte Software during the 3rd quarter worth about $172,000. Finally, Fox Run Management L.L.C. bought a new position in Cognyte Software during the 4th quarter valued at about $310,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CGNT. StockNews.com lowered shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th.

Cognyte Software Trading Down 1.9 %

Shares of CGNT stock opened at $7.95 on Friday. Cognyte Software Ltd. has a 1 year low of $6.21 and a 1 year high of $11.12. The firm’s 50 day moving average is $9.20 and its 200-day moving average is $8.17. The firm has a market capitalization of $571.56 million, a price-to-earnings ratio of -41.84 and a beta of 1.77.

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.