Vanguard Group Inc. Boosts Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Vanguard Group Inc. increased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,999,755 shares of the company's stock after acquiring an additional 641,933 shares during the period. Vanguard Group Inc. owned approximately 7.25% of E2open Parent worth $99,879,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in E2open Parent by 83.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,103,999 shares of the company's stock valued at $71,396,000 after acquiring an additional 3,692,914 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of E2open Parent by 153.8% during the 4th quarter. Nomura Holdings Inc. now owns 5,768,944 shares of the company's stock valued at $33,783,000 after buying an additional 3,495,838 shares during the last quarter. Morgan Stanley lifted its holdings in shares of E2open Parent by 16.0% during the 4th quarter. Morgan Stanley now owns 18,283,194 shares of the company's stock valued at $107,322,000 after buying an additional 2,524,670 shares during the last quarter. Norges Bank acquired a new stake in E2open Parent in the 4th quarter worth approximately $12,068,000. Finally, JPMorgan Chase & Co. lifted its holdings in E2open Parent by 434.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,803,975 shares of the company's stock worth $10,102,000 after purchasing an additional 1,466,203 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ETWO shares. Morgan Stanley started coverage on E2open Parent in a report on Wednesday, January 17th. They issued an "equal weight" rating and a $4.00 target price for the company. UBS Group boosted their target price on E2open Parent from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $4.29.

E2open Parent Price Performance

NYSE:ETWO traded up $0.07 during trading hours on Friday, reaching $4.31. The company had a trading volume of 346,034 shares, compared to its average volume of 1,921,674. The stock has a 50-day moving average of $4.11 and a two-hundred day moving average of $3.88. E2open Parent Holdings, Inc. has a one year low of $2.15 and a one year high of $6.90. The firm has a market capitalization of $1.32 billion, a PE ratio of -1.00, a PEG ratio of 17.20 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its earnings results on Tuesday, January 9th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. E2open Parent had a positive return on equity of 3.21% and a negative net margin of 202.58%. The company had revenue of $157.50 million for the quarter. During the same quarter in the previous year, the company posted $0.06 EPS. Analysts forecast that E2open Parent Holdings, Inc. will post 0.18 earnings per share for the current year.

About E2open Parent

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.