Intech Investment Management LLC Raises Stock Position in ePlus inc. (NASDAQ:PLUS)

Intech Investment Management LLC raised its position in ePlus inc. (NASDAQ:PLUS) by 80.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,681 shares of the software maker’s stock after acquiring an additional 3,423 shares during the period. Intech Investment Management LLC’s holdings in ePlus were worth $755,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PLUS. GAMMA Investing LLC lifted its holdings in ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. CWM LLC lifted its stake in shares of ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of ePlus during the 2nd quarter worth about $66,000. Advisors Asset Management Inc. raised its holdings in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after buying an additional 342 shares during the period. Finally, Atria Investments Inc acquired a new position in ePlus in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Trading Up 0.1 %

PLUS opened at $80.86 on Friday. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $92.75 and a 200-day simple moving average of $86.20. The firm has a market cap of $2.17 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.84 and a beta of 1.13.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Insider Activity at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is currently owned by company insiders.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.