Public Employees Retirement System of Ohio Makes New $298,000 Investment in E2open Parent Holdings, Inc. (NYSE:ETWO)

Public Employees Retirement System of Ohio bought a new stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 112,000 shares of the company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETWO. Norges Bank purchased a new stake in E2open Parent during the fourth quarter valued at $6,151,000. Nomura Holdings Inc. grew its stake in shares of E2open Parent by 15.7% during the 4th quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after purchasing an additional 1,994,267 shares during the period. Dimensional Fund Advisors LP increased its position in shares of E2open Parent by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company's stock valued at $21,050,000 after purchasing an additional 505,463 shares during the last quarter. Vanguard Group Inc. increased its position in shares of E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock valued at $72,878,000 after purchasing an additional 408,779 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of E2open Parent in the 4th quarter worth approximately $1,086,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ETWO shares. Wall Street Zen upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. UBS Group reduced their price objective on E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group cut their price target on E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, E2open Parent has a consensus rating of "Hold" and a consensus target price of $2.78.

Insider Activity at E2open Parent

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total transaction of $98,251,137.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by corporate insiders.

E2open Parent Stock Performance

ETWO opened at $3.23 on Friday. The company has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $1.11 billion, a P/E ratio of -2.16, a PEG ratio of 1.05 and a beta of 1.27. E2open Parent Holdings, Inc. has a 1-year low of $1.75 and a 1-year high of $4.82.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

E2open Parent Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.

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