Geode Capital Management LLC Has $2.63 Million Stock Holdings in eGain Co. (NASDAQ:EGAN)

Geode Capital Management LLC trimmed its position in eGain Co. (NASDAQ:EGAN) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 421,730 shares of the technology company’s stock after selling 36,053 shares during the quarter. Geode Capital Management LLC owned approximately 1.48% of eGain worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after buying an additional 1,613 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,442 shares during the period. Stoneridge Investment Partners LLC increased its holdings in shares of eGain by 23.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after acquiring an additional 2,771 shares during the last quarter. State Street Corp raised its stake in eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after acquiring an additional 3,428 shares during the period. Finally, Jane Street Group LLC lifted its holdings in eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after purchasing an additional 5,144 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Trading Up 1.4 %

NASDAQ:EGAN opened at $5.02 on Tuesday. The stock has a 50 day simple moving average of $4.82 and a 200 day simple moving average of $5.42. eGain Co. has a 1-year low of $4.34 and a 1-year high of $7.62. The stock has a market cap of $141.22 million, a P/E ratio of 35.86 and a beta of 0.50.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, sell-side analysts forecast that eGain Co. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price target (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.