Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in E2open Parent Holdings, Inc. (NYSE:ETWO) by 52.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,394 shares of the company’s stock after purchasing an additional 12,930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in E2open Parent were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ETWO. Campbell Capital Management Inc. purchased a new position in E2open Parent during the fourth quarter worth about $132,000. Vanguard Group Inc. raised its position in shares of E2open Parent by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 21,999,755 shares of the company’s stock valued at $99,879,000 after buying an additional 641,933 shares during the period. Laurion Capital Management LP acquired a new position in E2open Parent in the third quarter valued at approximately $59,000. Eminence Capital LP grew its position in E2open Parent by 3.3% in the third quarter. Eminence Capital LP now owns 17,432,295 shares of the company’s stock worth $79,143,000 after acquiring an additional 551,532 shares during the period. Finally, Repertoire Partners LP purchased a new stake in E2open Parent in the third quarter valued at $1,816,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of E2open Parent in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 price target for the company. UBS Group boosted their target price on E2open Parent from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, E2open Parent has a consensus rating of “Hold” and an average price target of $4.29.

E2open Parent Price Performance

Shares of ETWO opened at $4.80 on Thursday. The company has a market cap of $1.64 billion, a P/E ratio of -1.35, a PEG ratio of 1.50 and a beta of 0.95. E2open Parent Holdings, Inc. has a fifty-two week low of $2.15 and a fifty-two week high of $6.90. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average price is $4.27 and its 200 day moving average price is $3.93.

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.