3,408 Shares in ePlus inc. (NASDAQ:PLUS) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in ePlus inc. (NASDAQ:PLUS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,408 shares of the software maker’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 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 buying an additional 252 shares during the period. CWM LLC raised its position in shares of ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after acquiring an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of ePlus in the 2nd quarter valued at about $66,000. EntryPoint Capital LLC grew its stake in ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after purchasing an additional 977 shares during the period. Finally, Atria Investments Inc acquired a new stake in ePlus during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Buying and Selling

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a report on Friday.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $78.62 on Friday. The firm has a market capitalization of $2.11 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. The firm’s 50-day moving average price is $95.08 and its 200-day moving average price is $86.03. The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98.

ePlus Profile

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.