Ensign Peak Advisors Inc Acquires 15,450 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Ensign Peak Advisors Inc increased its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 165,400 shares of the company’s stock after acquiring an additional 15,450 shares during the quarter. Ensign Peak Advisors Inc’s holdings in E2open Parent were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETWO. Bayesian Capital Management LP bought a new stake in shares of E2open Parent during the fourth quarter valued at approximately $35,000. KLP Kapitalforvaltning AS purchased a new position in E2open Parent during the fourth quarter valued at $86,000. Mariner LLC grew its stake in E2open Parent by 276.3% during the fourth quarter. Mariner LLC now owns 45,414 shares of the company’s stock valued at $121,000 after acquiring an additional 33,345 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in E2open Parent by 15.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company’s stock valued at $208,000 after acquiring an additional 10,321 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in E2open Parent by 64.9% in the 4th quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock worth $222,000 after purchasing an additional 32,891 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ETWO. The Goldman Sachs Group cut their price objective on E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a research report on Friday, March 28th. Morgan Stanley dropped their price target on 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. Finally, UBS Group reduced their price objective on E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th.

E2open Parent Stock Performance

Shares of NYSE:ETWO opened at $2.78 on Friday. The firm has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.57. E2open Parent Holdings, Inc. has a 52 week low of $1.75 and a 52 week high of $5.06. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $954.56 million, a P/E ratio of -1.86, a PEG ratio of 1.05 and a beta of 1.04.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 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 during the quarter, compared to analyst estimates of $153.01 million. On average, analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.