Intech Investment Management LLC Buys 32,891 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Intech Investment Management LLC grew its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 64.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,545 shares of the company’s stock after acquiring an additional 32,891 shares during the quarter. Intech Investment Management LLC’s holdings in E2open Parent were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in E2open Parent by 593.3% during the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after purchasing an additional 1,677,336 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of E2open Parent in the 3rd quarter worth approximately $6,360,000. Geode Capital Management LLC grew its holdings in shares of E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares in the last quarter. Gagnon Securities LLC increased its position in shares of E2open Parent by 37.6% during the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock valued at $5,806,000 after acquiring an additional 596,425 shares during the last quarter. Finally, Gagnon Advisors LLC lifted its holdings in E2open Parent by 50.0% during the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company’s stock worth $3,115,000 after acquiring an additional 390,372 shares during the period.

E2open Parent Stock Up 1.1 %

ETWO stock opened at $2.28 on Thursday. The company has a market capitalization of $780.87 million, a price-to-earnings ratio of -1.53, a PEG ratio of 1.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average of $2.48 and a 200-day moving average of $3.01. E2open Parent Holdings, Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $5.08.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

ETWO has been the subject of a number of recent analyst reports. Loop Capital reduced their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Morgan Stanley decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and dropped their target price for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

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 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.