Significant Addition to Neuberger Berman's Portfolio
Neuberger Berman Group LLC (Trades, Portfolio), a prominent investment management firm, has recently increased its investment in E2open Parent Holdings Inc (NYSE:ETWO), signaling a strategic move in its portfolio management. On November 10, 2023, the firm added 10,140,000 shares to its existing holdings, resulting in a total of 40,747,831 shares in the supply chain management software provider. This transaction had a 0.03% impact on Neuberger Berman's portfolio, with the shares purchased at an average price of $3.23. The firm's position in ETWO now stands at 0.12% of its portfolio, with a significant 13.00% ownership of the traded company's stock.
Neuberger Berman Group LLC (Trades, Portfolio): A Storied Investment Firm
Founded in 1939, Neuberger Berman Group LLC (Trades, Portfolio) has evolved into a fully employee-owned private investment management firm. With a history of innovation and expansion, the firm has grown its services to include equities, fixed income, private equity, and hedge fund portfolios. Post its independence in 2009, Neuberger Berman has continued to thrive, now managing assets worth over $111.76 billion and employing more than 2,000 professionals globally. The firm's top holdings reflect a strong inclination towards technology and healthcare sectors, with major stakes in companies like Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN).
Investment Philosophy and Diverse Portfolio
Neuberger Berman's investment philosophy is centered around rigorous research and a long-term perspective. The firm's portfolio showcases a diverse array of top holdings, with a particular focus on the technology and healthcare sectors. This strategic allocation underscores the firm's belief in the growth potential and resilience of these industries.
Introduction to E2open Parent Holdings Inc
E2open Parent Holdings Inc operates as a leading cloud-based, end-to-end supply chain management SaaS platform. With a market capitalization of $1.05 billion, the company's software solutions are designed to optimize supply chains across various segments. Since its IPO on June 15, 2020, E2open has been actively serving clients across the Americas, Europe, and Asia Pacific, with the majority of its business stemming from the Americas. The current stock price of ETWO stands at $3.47.
Financial Health and Market Performance of ETWO
E2open's financial health presents a mixed picture. With a PE percentage of 0.00, the company is currently not profitable. The GF Score of 37/100 indicates poor future performance potential, and the stock has experienced a significant decline of 66.95% since its IPO. However, recent price changes have shown a gain of 7.43%. The company's financial strength and Profitability Rank are also areas of concern, with low scores in both categories.