American Capital Management Inc. acquired a new stake in Cognyte Software Ltd., according to a recent Securities & Exchange Commission filing. The firm purchased 6,183,567 shares. This acquisition is valued at approximately $54.29 million.
The investment gives American Capital Management an 8.37% ownership stake in the security software provider. Cognyte now ranks as the 15th largest holding in the firm's portfolio. The position represents 2.4% of the firm's total assets. Other institutional investors have also been adjusting their positions in the company.