SCHEDULE: Legal & General Group Discloses 5.73% Stake in Cognyte Software Ltd.
Beneficial Ownership Report
Legal & General Group Plc and its affiliates have disclosed a beneficial ownership of 5.73% in Cognyte Software Ltd., holding over 4 million ordinary shares as of December 31, 2023.
Summary
- Legal & General Group Plc, a UK-based financial institution, along with its affiliated entities, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Cognyte Software Ltd.
- As of December 31, 2023, the reporting persons collectively beneficially own 4,033,757 ordinary shares of Cognyte Software Ltd.
- This aggregate amount represents 5.73% of the class of Cognyte Software Ltd.'s Ordinary Shares.
- The reporting entities include Legal & General Group Plc, Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, and Legal & General UCITS ETF Plc, all of whom share voting and dispositive power over the reported shares.
- Legal & General Investment Management America Inc. is also listed as a reporting person but holds 0 shares beneficially owned.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment about the company's operational or financial performance. It is a neutral regulatory filing.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This Schedule 13G filing indicates a significant passive investment by a major global financial institution, Legal & General Group, in Cognyte Software Ltd. Such filings are standard disclosures when an entity acquires more than 5% of a company's shares for investment purposes, signaling institutional interest in the company within the broader cybersecurity or intelligence software industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and trading activity.
- Investment Professionals: Offers insight into institutional investment trends and specific holdings by major financial groups.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date of event which requires filing of this statement (beneficial ownership threshold crossed or reported). |
| 07/02/2025 | Signature date for the Schedule 13G filing by Legal & General Group Plc and its affiliates. |
Keywords
Cognyte Software Ltd, Legal & General Group Plc, Schedule 13G, Beneficial Ownership, Institutional Investor, Ordinary Shares, SEC Filing, Investment Management, Financial Institution
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.