60,949 Shares in eGain Corporation $EGAN Bought by Nuveen LLC

Nuveen LLC purchased a new position in shares of eGain Corporation (NASDAQ:EGAN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 60,949 shares of the technology company’s stock, valued at approximately $296,000. Nuveen LLC owned 0.22% of eGain at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after buying an additional 1,820 shares during the period. Wells Fargo & Company MN raised its holdings in shares of eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after buying an additional 2,197 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of eGain by 6.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company’s stock valued at $207,000 after buying an additional 2,446 shares during the period. Bank of America Corp DE raised its holdings in shares of eGain by 8.9% during the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after buying an additional 2,525 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of eGain by 8.1% during the 1st quarter. Bank of New York Mellon Corp now owns 139,684 shares of the technology company’s stock valued at $677,000 after buying an additional 10,486 shares during the period. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded eGain from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $10.00.

eGain Price Performance

NASDAQ:EGAN opened at $6.50 on Friday. eGain Corporation has a 12-month low of $4.34 and a 12-month high of $7.33. The firm has a market capitalization of $177.78 million, a P/E ratio of 5.65 and a beta of 0.30. The business has a 50 day simple moving average of $6.32 and a 200 day simple moving average of $5.58.

eGain announced that its board has approved a share buyback program on Thursday, September 4th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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.