Handelsbanken Fonder AB Grows Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Handelsbanken Fonder AB raised its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 26.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,400 shares of the company’s stock after acquiring an additional 10,500 shares during the period. Handelsbanken Fonder AB’s holdings in E2open Parent were worth $222,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in E2open Parent by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after buying an additional 2,823,090 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of E2open Parent in the second quarter valued at about $31,460,000. Dimensional Fund Advisors LP increased its stake in shares of E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after acquiring an additional 1,272,370 shares during the period. Sea Cliff Partners Management LP raised its holdings in E2open Parent by 14.1% during the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in E2open Parent in the first quarter valued at about $7,045,000.

E2open Parent Price Performance

ETWO stock opened at $3.21 on Tuesday. The firm has a 50 day moving average of $4.19 and a 200-day moving average of $4.40. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -1.24, a PEG ratio of 1.35 and a beta of 0.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. E2open Parent Holdings, Inc. has a 12-month low of $2.71 and a 12-month high of $5.07.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ETWO. The Goldman Sachs Group cut their target price on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday. UBS Group reduced their target price on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a report on Thursday, July 11th.

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.