E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,397,737 shares of the company's stock after purchasing an additional 408,779 shares during the quarter. Vanguard Group Inc. owned 7.98% of E2open Parent worth $72,878,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of E2open Parent in the 4th quarter valued at about $86,000. Intech Investment Management LLC boosted its stake in E2open Parent by 64.9% in the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock valued at $222,000 after acquiring an additional 32,891 shares in the last quarter. SG Americas Securities LLC grew its holdings in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock worth $227,000 after purchasing an additional 13,489 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of E2open Parent by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company's stock worth $482,000 after purchasing an additional 8,940 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of E2open Parent during the 3rd quarter valued at $504,000.

E2open Parent Price Performance

NYSE ETWO traded down $0.03 during trading hours on Wednesday, reaching $1.96. The company's stock had a trading volume of 56,781 shares, compared to its average volume of 1,718,441. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $671.03 million, a price-to-earnings ratio of -1.31, a P/E/G ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a 1-year low of $1.75 and a 1-year high of $5.08. The company's 50-day moving average is $2.26 and its two-hundred day moving average is $2.76.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their price target on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. The Goldman Sachs Group dropped their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research report on Friday, March 28th. Finally, Loop Capital decreased their price target on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a report on Monday, December 23rd.

E2open Parent 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.