Geode Capital Management LLC Trims Stock Holdings in eGain Co. (NASDAQ:EGAN)

Geode Capital Management LLC trimmed its holdings in eGain Co. (NASDAQ:EGANFree Report) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 457,783 shares of the technology company’s stock after selling 10,308 shares during the period. Geode Capital Management LLC’s holdings in eGain were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of EGAN. Acadian Asset Management LLC increased its stake in eGain by 8.6% in the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 78,051 shares during the period. Renaissance Technologies LLC grew its position in eGain by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after buying an additional 20,600 shares during the last quarter. Barclays PLC grew its position in eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after buying an additional 19,772 shares during the last quarter. Seizert Capital Partners LLC increased its stake in eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock valued at $194,000 after buying an additional 18,989 shares during the period. Finally, Gladius Capital Management LP purchased a new position in eGain during the 3rd quarter worth $84,000. 53.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Check Out Our Latest Analysis on EGAN

eGain Stock Performance

Shares of EGAN opened at $7.15 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. eGain Co. has a 52-week low of $4.71 and a 52-week high of $8.13. The company has a 50-day simple moving average of $5.60 and a 200-day simple moving average of $5.90. The company has a market capitalization of $203.95 million, a PE ratio of 37.63 and a beta of 0.42.

eGain Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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