Sylebra Hk Company LTD Boosted 8X8 INC New (EGHT) Holding by $98.28 Million; Share Value Rose

8x8, Inc. (NYSE:EGHT) LogoInvestors sentiment decreased to 1.29 in 2019 Q2. Its down 0.02, from 1.31 in 2019Q1. It fall, as 14 investors sold EGHT shares while 42 reduced holdings. 20 funds opened positions while 52 raised stakes. 85.05 million shares or 7.08% more from 79.42 million shares in 2019Q1 were reported. Rhumbline Advisers owns 281,480 shares or 0.01% of their US portfolio. Invesco Ltd holds 0% in 8×8, Inc. (NYSE:EGHT) or 392,572 shares. Texas Permanent School Fund has 65,347 shares. Parametric Portfolio Associates Llc reported 116,359 shares or 0% of all its holdings. Profund Ltd accumulated 97,431 shares. State Of Alaska Department Of Revenue owns 0.01% invested in 8×8, Inc. (NYSE:EGHT) for 32,778 shares. Kornitzer Cap Management Ks owns 1.19M shares. United Ser Automobile Association holds 14,330 shares or 0% of its portfolio. State Of Wisconsin Board has invested 0.05% in 8×8, Inc. (NYSE:EGHT). Fil Limited owns 316,530 shares. Parkside Commercial Bank Trust holds 82 shares or 0% of its portfolio. Ameriprise Fincl has 528,648 shares. Spark Inv Mgmt Limited Liability Corp holds 0.22% or 132,300 shares in its portfolio. Deutsche National Bank Ag holds 124,553 shares. Hanseatic owns 68 shares.

Since August 2, 2019, it had 2 insider purchases, and 0 selling transactions for $172,277 activity.

Sylebra Hk Company Ltd increased its stake in 8X8 Inc New (EGHT) by 2849.56% based on its latest 2019Q2 regulatory filing with the SEC. Sylebra Hk Company Ltd bought 4.09M shares as the company’s stock rose 3.25% . The institutional investor held 4.24M shares of the telecommunications equipment company at the end of 2019Q2, valued at $102.15M, up from 143,701 at the end of the previous reported quarter. Sylebra Hk Company Ltd who had been investing in 8X8 Inc New for a number of months, seems to be bullish on the $2.22 billion market cap company. The stock decreased 2.19% or $0.5 during the last trading session, reaching $22.38. About 1.01M shares traded. 8×8, Inc. (NASDAQ:EGHT) has risen 21.76% since September 13, 2018 and is uptrending. It has outperformed by 21.76% the S&P500.

Sylebra Hk Company Ltd, which manages about $2.16 billion US Long portfolio, decreased its stake in Wix Com Ltd (NASDAQ:WIX) by 380,418 shares to 781,088 shares, valued at $110.99M in 2019Q2, according to the filing.

More notable recent 8×8, Inc. (NYSE:EGHT) news were published by: Globenewswire.com which released: “Bragar Eagel & Squire, PC Is Investigating 8×8, Inc. (NYSE: EGHT) on Behalf of Stockholders and Encourages 8×8 Investors to Contact the Firm – GlobeNewswire” on August 03, 2019, also Seekingalpha.com with their article: “Comms firm 8×8 -8.2% as losses widen on higher costs – Seeking Alpha” published on May 14, 2019, Businesswire.com published: “8×8, Inc. to Participate in Upcoming Investor Conferences – Business Wire” on August 27, 2019. More interesting news about 8×8, Inc. (NYSE:EGHT) were released by: Businesswire.com and their article: “Spearhead Group Inc. Joins 8×8 Channel Program as Master Agent to Deliver X Series Solutions to Mid-Market and Enterprise Businesses – Business Wire” published on August 19, 2019 as well as Businesswire.com‘s news article titled: “TBI Replaces Legacy Telephony System with 8×8 X Series to Enhance Organizational Productivity – Business Wire” with publication date: September 04, 2019.

8×8, Inc. (NYSE:EGHT) Ratings Coverage

Among 4 analysts covering 8X8 (NASDAQ:EGHT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. 8X8 has $2800 highest and $18.5000 lowest target. $25.38’s average target is 13.40% above currents $22.38 stock price. 8X8 had 8 analyst reports since March 25, 2019 according to SRatingsIntel. As per Wednesday, July 31, the company rating was maintained by Bank of America. Bank of America maintained the stock with “Neutral” rating in Wednesday, May 15 report. On Wednesday, July 31 the stock rating was downgraded by FBR Capital to “Sell”. Rosenblatt maintained 8×8, Inc. (NYSE:EGHT) on Monday, March 25 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, July 31. On Wednesday, July 24 the stock rating was downgraded by Rosenblatt to “Neutral”.

8x8, Inc. (NYSE:EGHT) Institutional Positions Chart

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