Charles Schwab Investment Management Inc. Decreases Stake in eGain Co. (NASDAQ:EGAN)

Charles Schwab Investment Management Inc. lessened its stake in shares of eGain Co. (NASDAQ:EGAN) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,891 shares of the technology company’s stock after selling 5,939 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in eGain were worth $1,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EGAN. Kanen Wealth Management LLC boosted its position in eGain by 6.9% during the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock valued at $16,571,000 after buying an additional 171,451 shares during the period. State Street Corp increased its position in shares of eGain by 0.8% in the third 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. Barclays PLC raised its stake in shares of eGain by 48.5% during the third quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after acquiring an additional 19,772 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of eGain by 16.8% during the third quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after purchasing an additional 5,144 shares during the period. Finally, Legato Capital Management LLC grew its stake in shares of eGain by 60.6% in the fourth quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company’s stock worth $184,000 after purchasing an additional 11,155 shares during the last quarter. Institutional investors own 53.94% of the company’s stock.

eGain Price Performance

Shares of NASDAQ EGAN opened at $4.94 on Friday. eGain Co. has a 1 year low of $4.68 and a 1 year high of $7.62. The stock has a market capitalization of $138.97 million, a P/E ratio of 35.29 and a beta of 0.54. The company’s 50-day moving average is $5.48 and its 200 day moving average is $5.46.

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%. Research analysts anticipate that eGain Co. will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on EGAN. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th. StockNews.com downgraded eGain from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd.

eGain 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.