8X8 INC New (EGHT) Holder Sylebra Hk Company LTD Upped Its Stake

8x8, Inc. (NYSE:EGHT) LogoInvestors sentiment decreased to 1.29 in Q2 2019. Its down 0.02, from 1.31 in 2019Q1. It turned negative, 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. The Virginia-based Quantitative Invest Management Llc has invested 0.05% in 8×8, Inc. (NYSE:EGHT). 23,586 are owned by Price T Rowe Associate Md. Cypress Mgmt Ltd Liability (Wy) has invested 0.01% in 8×8, Inc. (NYSE:EGHT). Alliancebernstein Limited Partnership holds 179,946 shares or 0% of its portfolio. Citadel Advisors reported 0.01% in 8×8, Inc. (NYSE:EGHT). Stone Ridge Asset Management Llc owns 14,282 shares or 0.02% of their US portfolio. Shell Asset Mgmt Communication accumulated 0.07% or 125,908 shares. Geode Management Ltd Company owns 1.17M shares for 0.01% of their portfolio. Texas Permanent School Fund invested in 65,347 shares. Proshare Advsr Ltd Liability Corp invested in 0% or 12,722 shares. Edge Wealth Management Ltd Liability Company reported 500 shares stake. Lyon Street Cap Limited Liability reported 24,624 shares. Ls Invest Advisors Ltd Liability Com reported 5,765 shares. San Francisco Sentry Investment Group (Ca) invested 0.03% of its portfolio in 8×8, Inc. (NYSE:EGHT). Mutual Of America Cap Ltd Liability Company invested 0% in 8×8, Inc. (NYSE:EGHT).

Since August 2, 2019, it had 2 insider purchases, and 0 insider sales 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 $102.15 million, 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 $2.22B market cap company. The stock decreased 2.19% or $0.5 during the last trading session, reaching $22.38. About 1.01 million 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 $2.16B US Long portfolio, decreased its stake in Wix Com Ltd (NASDAQ:WIX) by 380,418 shares to 781,088 shares, valued at $110.99 million in 2019Q2, according to the filing.

More notable recent 8×8, Inc. (NYSE:EGHT) news were published by: Businesswire.com which released: “Spearhead Group Inc. Joins 8×8 Channel Program as Master Agent to Deliver X Series Solutions to Mid-Market and Enterprise Businesses – Business Wire” on August 19, 2019, also Finance.Yahoo.com with their article: “What Kind Of Shareholders Own 8×8, Inc. (NYSE:EGHT)? – Yahoo Finance” published on June 08, 2019, Seekingalpha.com published: “B. Riley downgrades 8×8 on earnings questions – Seeking Alpha” on July 31, 2019. More interesting news about 8×8, Inc. (NYSE:EGHT) were released by: Seekingalpha.com and their article: “Comms firm 8×8 -9.3% with B. Riley skeptical into earnings – Seeking Alpha” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “Comms firm 8×8 slides after double-digit revenue increase (updated) – Seeking Alpha” with publication date: January 29, 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. The company was maintained on Wednesday, July 31 by Morgan Stanley. As per Wednesday, July 31, the company rating was downgraded by FBR Capital. The company was downgraded on Wednesday, July 24 by Rosenblatt. Rosenblatt maintained it with “Buy” rating and $22.5 target in Monday, March 25 report. The firm earned “Neutral” rating on Wednesday, May 15 by Bank of America. Bank of America maintained the shares of EGHT in report on Wednesday, July 31 with “Neutral” rating.

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

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