Published on 15 Nov 2023 on GuruFocus.com via Yahoo Finance
Neuberger Berman Group LLC Bolsters Stake in E2open Parent Holdings Inc
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