SCHEDULE: Legal & General Group Discloses Significant Stake in Cognyte Software Ltd.

Legal & General Group Plc and its affiliates have disclosed a beneficial ownership of 5.91% in Cognyte Software Ltd., totaling 3,962,838 ordinary shares as of December 31, 2021.

Summary

• Legal & General Group Plc, along with its affiliated entities, has filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Cognyte Software Ltd.
• As of December 31, 2021, Legal & General Group Plc beneficially owns 3,962,838 ordinary shares of Cognyte Software Ltd., representing 5.91% of the class.
• Legal & General Investment Management Ltd holds beneficial ownership of 3,961,984 shares, equating to 5.9% of the class, with shared voting and dispositive power.
• LGIM Managers (Europe) Limited and Legal & General UCITS ETF Plc each beneficially own 3,931,785 shares, representing 5.87% and 5.9% of the class respectively, with shared voting and dispositive power.
• Legal & General Investment Management America Inc. holds a beneficial ownership of 854 shares, which is 0% of the class, with shared dispositive power.
• The reporting entities are primarily financial institutions, including an investment manager, an open-ended investment company, and an insurance company.

Sentiment

Score: 5

Explanation: The document is a factual regulatory disclosure of beneficial ownership and does not contain subjective language or performance data that would indicate a positive or negative sentiment regarding the issuer's operations or financial health.

Positives

• The disclosure of a significant institutional stake by Legal & General Group Plc, a major global asset manager, could be interpreted by the market as a vote of confidence in Cognyte Software Ltd.'s long-term prospects.

Negatives

• This Schedule 13G filing is a regulatory disclosure of beneficial ownership and does not contain information regarding negative operational or financial performance of Cognyte Software Ltd.

Risks

• This Schedule 13G filing is a regulatory disclosure of beneficial ownership and does not detail specific risks related to Cognyte Software Ltd.'s operations, financial health, or market position.

Future Outlook

This Schedule 13G filing is a regulatory disclosure of beneficial ownership and does not provide any forward-looking statements or guidance regarding Cognyte Software Ltd.'s future performance or strategic direction.

Industry Context

Schedule 13G filings are standard disclosures by institutional investors who acquire more than 5% of a company's voting class of securities, but do not intend to influence or control the issuer. This filing indicates that Legal & General Group Plc and its affiliates hold a significant passive investment in Cognyte Software Ltd., a common practice for large asset managers seeking diversified portfolio exposure.

Comparison to Industry Standards

• This document is a regulatory disclosure of beneficial ownership, not a performance report. Therefore, it does not contain information that can be directly compared to industry-specific operational or financial benchmarks of companies or projects.
• The filing itself adheres to SEC reporting standards for beneficial ownership disclosures, which are consistent across the investment management industry for passive stakes exceeding 5%.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Legal & General Group Plc may be viewed as a positive signal of confidence in Cognyte Software Ltd., potentially influencing investor sentiment and share price.

Key Dates

Keywords

Cognyte Software Ltd., Legal & General Group Plc, Schedule 13G, Beneficial Ownership, Institutional Investor, Ordinary Shares, Investment Management, SEC Filing