US Bancorp DE Grows Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

US Bancorp DE grew its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 2,028.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,267 shares of the company’s stock after purchasing an additional 35,516 shares during the period. US Bancorp DE’s holdings in E2open Parent were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ETWO. Vanguard Group Inc. boosted its holdings in E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after buying an additional 2,823,090 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of E2open Parent by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock worth $217,000 after acquiring an additional 7,399 shares in the last quarter. Sea Cliff Partners Management LP grew its holdings in shares of E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after acquiring an additional 531,493 shares during the period. Dimensional Fund Advisors LP increased its stake in E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after purchasing an additional 1,272,370 shares in the last quarter. Finally, Swiss National Bank raised its holdings in E2open Parent by 11.2% during the first quarter. Swiss National Bank now owns 332,300 shares of the company’s stock worth $1,475,000 after purchasing an additional 33,500 shares during the last quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered their target price on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, October 11th.

E2open Parent Stock Down 4.1 %

Shares of NYSE ETWO opened at $3.07 on Friday. The firm’s 50-day moving average is $3.68 and its two-hundred day moving average is $4.23. The company has a market capitalization of $1.05 billion, a PE ratio of -1.19, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. E2open Parent Holdings, Inc. has a 12-month low of $2.92 and a 12-month high of $5.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last posted its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. Equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

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 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.