Vanguard Portfolio Management builds 5.36% stake in 8x8 (NYSE: EGHT)
Rhea-AI Filing Summary
8x8 Inc. reported that Vanguard Portfolio Management beneficially owns 7,480,632 shares of Common Stock, representing 5.36% of the class. The filing shows sole voting power for 342,418 shares and sole dispositive power for 7,480,632 shares. The filer states this includes holdings of affiliated Vanguard entities and client accounts.
Positive
- None.
Negative
- None.
Insights
Large passive stake disclosed by an index/asset manager.
Vanguard Portfolio Management reports beneficial ownership of 7,480,632 shares or 5.36% of 8x8 Common Stock, indicating a meaningful institutional position visible in Schedule 13G reporting.
The filing attributes voting and dispositive powers across Vanguard entities and client accounts; the exact mix across funds is not itemized. Subsequent filings or fund-level disclosures could clarify which Vanguard vehicles hold the shares.