E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 23.0% in the 2nd quarter, Holdings Channel reports. The fund owned 6,801,601 shares of the company’s stock after acquiring an additional 1,272,370 shares during the quarter. Dimensional Fund Advisors LP’s holdings in E2open Parent were worth $30,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ETWO. American Century Companies Inc. purchased a new stake in shares of E2open Parent during the second quarter worth approximately $353,000. nVerses Capital LLC purchased a new position in E2open Parent during the 2nd quarter worth $48,000. Innealta Capital LLC acquired a new stake in shares of E2open Parent in the 2nd quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of E2open Parent by 15.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock valued at $194,000 after acquiring an additional 5,854 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of E2open Parent by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company’s stock worth $3,586,000 after acquiring an additional 55,315 shares during the period.

E2open Parent Trading Down 5.9 %

Shares of E2open Parent stock opened at $4.15 on Wednesday. The company has a 50-day moving average of $4.33 and a two-hundred day moving average of $4.43. The stock has a market cap of $1.41 billion, a PE ratio of -1.60, a price-to-earnings-growth ratio of 1.44 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 $2.15 and a 12-month high of $5.07.

E2open Parent (NYSE:ETWO) last posted its earnings results on Wednesday, July 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $151.16 million during the quarter, compared to analyst estimates of $155.48 million. E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. During the same period last year, the company posted $0.05 EPS. On average, research analysts anticipate that E2open Parent Holdings, Inc. will post 0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ETWO. The Goldman Sachs Group reduced their price objective on shares of E2open Parent from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. UBS Group dropped their price objective on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock 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.