Los Angeles Capital Management LLC boosted its holdings in eGain Co. (NASDAQ:EGAN – Get Rating) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,535 shares of the technology company’s stock after acquiring an additional 22,004 shares during the quarter. Los Angeles Capital Management LLC owned about 0.52% of eGain worth $1,231,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in eGain in the 1st quarter worth about $34,000. BNP Paribas Arbitrage SA increased its stake in eGain by 81.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock worth $47,000 after purchasing an additional 2,154 shares in the last quarter. Lazard Asset Management LLC increased its stake in eGain by 17.9% in the 1st quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock worth $89,000 after purchasing an additional 1,168 shares in the last quarter. MetLife Investment Management LLC purchased a new position in eGain during the 1st quarter valued at about $132,000. Finally, Dupont Capital Management Corp grew its stake in eGain by 29.5% during the 2nd quarter. Dupont Capital Management Corp now owns 19,223 shares of the technology company’s stock valued at $187,000 after acquiring an additional 4,383 shares in the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.
Analyst Ratings Changes
EGAN has been the topic of several research analyst reports. StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 16th. TheStreet upgraded eGain from a “d+” rating to a “c-” rating in a report on Friday, November 25th.
eGain Price Performance
eGain Corp. engages in the development, licensing, implementation, and support of customer service infrastructure software solutions. Its solutions include financial services, insurance, retail, travel and hospitality, ecommerce, helpdesks, and marketing. The company was founded by Ashutosh Roy in September 1997 and is headquartered in Sunnyvale, CA.
- Get a free copy of the StockNews.com research report on eGain (EGAN)
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