Zurcher Kantonalbank Zurich Cantonalbank Raises Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in E2open Parent Holdings, Inc. (NYSE:ETWO) by 52.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,394 shares of the company’s stock after purchasing an additional 12,930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in E2open Parent were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Eminence Capital LP raised its stake in E2open Parent by 3.3% during the 3rd quarter. Eminence Capital LP now owns 17,432,295 shares of the company’s stock worth $79,143,000 after acquiring an additional 551,532 shares during the period. Vanguard Group Inc. lifted its position in shares of E2open Parent by 3.0% in the third quarter. Vanguard Group Inc. now owns 21,999,755 shares of the company’s stock valued at $99,879,000 after acquiring an additional 641,933 shares in the last quarter. Repertoire Partners LP bought a new stake in E2open Parent during the 3rd quarter valued at approximately $1,816,000. Jump Financial LLC lifted its holdings in E2open Parent by 83.5% in the 3rd quarter. Jump Financial LLC now owns 29,974 shares of the company’s stock worth $136,000 after purchasing an additional 13,643 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in E2open Parent by 18.0% during the 3rd quarter. Principal Financial Group Inc. now owns 25,004 shares of the company’s stock valued at $114,000 after buying an additional 3,813 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ETWO shares. Morgan Stanley began coverage on E2open Parent in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 price objective for the company. UBS Group boosted their price target on shares of E2open Parent from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.29.

E2open Parent Price Performance

E2open Parent stock opened at $4.80 on Thursday. The firm has a market capitalization of $1.64 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.95. E2open Parent Holdings, Inc. has a 12-month low of $2.15 and a 12-month high of $6.90. The firm has a 50-day moving average price of $4.27 and a 200-day moving average price of $3.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66.

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.