Cognyte Software (NASDAQ:CGNT) Hits New 12-Month High at $8.23

Cognyte Software Ltd. (NASDAQ:CGNT)’s stock price hit a new 52-week high on Thursday . The company traded as high as $8.23 and last traded at $8.17, with a volume of 71579 shares traded. The stock had previously closed at $8.01.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Cognyte Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th.

Cognyte Software Price Performance

The business’s 50-day moving average price is $7.30 and its 200 day moving average price is $5.91.

Hedge Funds Weigh In On Cognyte Software

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Cognyte Software by 29.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,112 shares of the medical device company’s stock valued at $148,000 after purchasing an additional 3,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cognyte Software by 19.6% in the first quarter. JPMorgan Chase & Co. now owns 369,566 shares of the medical device company’s stock valued at $4,180,000 after purchasing an additional 60,625 shares in the last quarter. Raymond James & Associates purchased a new stake in Cognyte Software in the first quarter valued at approximately $347,000. Bank of New York Mellon Corp raised its stake in Cognyte Software by 6,521.4% in the first quarter. Bank of New York Mellon Corp now owns 864,889 shares of the medical device company’s stock valued at $9,781,000 after purchasing an additional 851,827 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Cognyte Software by 59.5% in the first quarter. Citigroup Inc. now owns 311,454 shares of the medical device company’s stock valued at $3,523,000 after purchasing an additional 116,210 shares in the last quarter. 72.92% of the stock is currently owned by institutional investors.

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 also offers network intelligence analytics, open source and threat intelligence analytics, and operational intelligence analytics solutions.