Nomura Holdings Inc. Raises Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Nomura Holdings Inc. grew its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,725,233 shares of the company’s stock after purchasing an additional 1,994,267 shares during the period. Nomura Holdings Inc. owned approximately 4.29% of E2open Parent worth $39,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ETWO. Vanguard Group Inc. grew its position in E2open Parent by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock worth $72,878,000 after acquiring an additional 408,779 shares in the last quarter. Dimensional Fund Advisors LP grew its position in E2open Parent by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock worth $21,050,000 after acquiring an additional 505,463 shares in the last quarter. Norges Bank purchased a new position in E2open Parent in the fourth quarter worth about $6,151,000. Gagnon Securities LLC lifted its stake in E2open Parent by 37.6% in the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after purchasing an additional 596,425 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in E2open Parent by 593.3% in 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ETWO. The Goldman Sachs Group decreased their price objective on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a research note on Friday, March 28th. UBS Group decreased their price objective on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley decreased their price objective on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th.

E2open Parent Stock Up 0.7%

Shares of NYSE:ETWO opened at $2.74 on Wednesday. E2open Parent Holdings, Inc. has a 52-week low of $1.75 and a 52-week high of $5.07. The stock has a market cap of $942.52 million, a P/E ratio of -1.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The business’s 50 day moving average is $2.16 and its 200 day moving average is $2.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. The company had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.01 million. Sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

E2open Parent Company 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.