New York State Common Retirement Fund increased its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 183.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 101,541 shares of the company’s stock after purchasing an additional 65,741 shares during the period. New York State Common Retirement Fund’s holdings in E2open Parent were worth $1,147,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Elliott Investment Management L.P. boosted its position in shares of E2open Parent by 11.1% during the 2nd quarter. Elliott Investment Management L.P. now owns 27,973,575 shares of the company’s stock worth $319,458,000 after purchasing an additional 2,802,444 shares during the period. Vanguard Group Inc. boosted its position in shares of E2open Parent by 26.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,603,060 shares of the company’s stock worth $121,086,000 after purchasing an additional 2,224,266 shares during the period. BlackRock Inc. boosted its position in shares of E2open Parent by 93.1% during the 2nd quarter. BlackRock Inc. now owns 4,635,410 shares of the company’s stock worth $52,938,000 after purchasing an additional 2,234,592 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of E2open Parent by 82.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,390,862 shares of the company’s stock worth $50,144,000 after purchasing an additional 1,979,843 shares during the period. Finally, Credit Suisse AG lifted its holdings in E2open Parent by 13.3% during the 2nd quarter. Credit Suisse AG now owns 4,251,115 shares of the company’s stock worth $50,334,000 after buying an additional 500,281 shares in the last quarter.
ETWO has been the topic of a number of research reports. Zacks Investment Research lowered shares of E2open Parent from a “buy” rating to a “hold” rating in a report on Tuesday, December 14th. Bank of America started coverage on shares of E2open Parent in a report on Thursday, September 30th. They issued a “neutral” rating and a $14.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, E2open Parent currently has a consensus rating of “Hold” and an average price target of $13.00.
E2open Parent (NYSE:ETWO) last posted its earnings results on Tuesday, October 12th. The company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $78.08 million during the quarter. Equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.13 EPS for the current year.
In other E2open Parent news, CEO Michael Farlekas acquired 20,000 shares of the stock in a transaction on Wednesday, October 20th. The shares were bought at an average cost of $11.89 per share, with a total value of $237,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Peter Hantman acquired 6,280 shares of the stock in a transaction on Wednesday, October 20th. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $75,046.00. The disclosure for this purchase can be found here. Insiders purchased a total of 70,280 shares of company stock worth $801,646 over the last ninety days. Insiders own 7.06% of the company’s stock.
E2open Parent Profile
E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.
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