Fintel reports that Senvest Management
has filed a 13G form
with the SEC disclosing ownership of
3.63MM
shares of Cognyte Software Ltd (CGNT).
This represents 5.3% of the company.
In their previous filing dated February 10, 2023
they reported 3.08MM shares and 4.51% of the company,
an increase in shares of 17.89%
and
an increase in total ownership of
0.79% (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 47.37% Upside
As of March 29, 2023,
the average one-year price target for Cognyte Software is $4.76.
The forecasts range from a low of $3.03 to a high of $6.30.
The average price target represents an increase of 47.37% from its latest reported closing price of $3.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cognyte Software
is $338MM, a decrease of 7.16%.
The projected annual non-GAAP EPS
is -$1.14.
What is the Fund Sentiment?
There are 164 funds or institutions reporting positions in Cognyte Software.
This is a decrease
of
41
owner(s) or 20.00% in the last quarter.
Average portfolio weight of all funds dedicated to CGNT is 0.13%,
a decrease
of 12.62%.
Total shares owned by institutions decreased
in the last three months by 20.99% to 53,192K shares.
The put/call ratio of CGNT is 0.58, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Edenbrook Capital
holds 6,771K shares
representing 9.92% ownership of the company.
In it’s prior filing, the firm reported owning 5,856K shares, representing
an increase
of 13.51%.
The firm
decreased
its portfolio allocation in CGNT by 99.94% over the last quarter.
Neuberger Berman Group
holds 4,379K shares
representing 6.42% ownership of the company.
In it’s prior filing, the firm reported owning 4,047K shares, representing
an increase
of 7.58%.
The firm
decreased
its portfolio allocation in CGNT by 99.96% over the last quarter.
American Capital Management
holds 4,049K shares
representing 5.93% ownership of the company.
In it’s prior filing, the firm reported owning 2,450K shares, representing
an increase
of 39.50%.
The firm
increased
its portfolio allocation in CGNT by 26.22% over the last quarter.
Legal & General Group
holds 3,759K shares
representing 5.51% ownership of the company.
In it’s prior filing, the firm reported owning 3,960K shares, representing
a decrease
of 5.34%.
The firm
decreased
its portfolio allocation in CGNT by 28.74% over the last quarter.
William Blair Investment Management
holds 2,957K shares
representing 4.33% ownership of the company.
In it’s prior filing, the firm reported owning 3,085K shares, representing
a decrease
of 4.33%.
The firm
decreased
its portfolio allocation in CGNT by 28.59% over the last quarter.
Cognyte Software Background Information
(This description is provided by the company.)
Cognyte (formerly a Verint company) is a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Its open software fuses, analyzes, and visualizes disparate data sets at scale to help security organizations find the needles in the haystacks. Over 1,000 government and enterprise customers in more than 100 countries rely on Cognyte’s solutions to accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent threats to national security, business continuity, and cyber security.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
