eGain Co. (NASDAQ:EGAN) Position Boosted by Kanen Wealth Management LLC

Kanen Wealth Management LLC increased its holdings in shares of eGain Co. (NASDAQ:EGAN - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,659,823 shares of the technology company's stock after acquiring an additional 171,451 shares during the period. eGain comprises about 6.2% of Kanen Wealth Management LLC's investment portfolio, making the stock its 6th biggest position. Kanen Wealth Management LLC owned 9.33% of eGain worth $16,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of eGain by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company's stock valued at $4,301,000 after acquiring an additional 1,752 shares during the period. Renaissance Technologies LLC increased its stake in shares of eGain by 3.3% in the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company's stock valued at $4,059,000 after buying an additional 20,600 shares in the last quarter. Sei Investments Co. lifted its position in eGain by 2.1% during the 2nd quarter. Sei Investments Co. now owns 163,132 shares of the technology company's stock worth $1,029,000 after buying an additional 3,384 shares in the last quarter. Williams & Novak LLC bought a new stake in eGain during the 3rd quarter worth about $66,000. Finally, Assenagon Asset Management S.A. increased its position in eGain by 17.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company's stock valued at $374,000 after acquiring an additional 10,933 shares in the last quarter. Institutional investors own 53.94% of the company's stock.

eGain Trading Up 0.6 %

Shares of NASDAQ:EGAN traded up $0.04 during trading on Monday, hitting $6.54. 58,364 shares of the company's stock were exchanged, compared to its average volume of 129,413. The firm has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $5.93. eGain Co. has a 1-year low of $4.71 and a 1-year high of $7.96. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $186.55 million, a P/E ratio of 34.42 and a beta of 0.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of eGain from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.