Gotham Asset Management LLC Boosts Holdings in ePlus inc. (NASDAQ:PLUS)

Gotham Asset Management LLC grew its position in shares of ePlus inc. (NASDAQ:PLUS) by 74.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,302 shares of the software maker’s stock after purchasing an additional 6,100 shares during the period. Gotham Asset Management LLC owned approximately 0.05% of ePlus worth $1,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Versor Investments LP purchased a new stake in shares of ePlus in the 4th quarter valued at approximately $318,000. KLP Kapitalforvaltning AS acquired a new stake in ePlus during the 4th quarter worth $384,000. Principal Financial Group Inc. lifted its stake in shares of ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock worth $10,155,000 after acquiring an additional 4,425 shares during the period. American Century Companies Inc. lifted its stake in shares of ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after acquiring an additional 121,945 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of ePlus by 126.6% in the 4th quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker’s stock worth $9,180,000 after acquiring an additional 69,410 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

ePlus Stock Performance

Shares of PLUS opened at $67.14 on Friday. The company has a 50-day simple moving average of $61.94 and a 200-day simple moving average of $71.77. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.79 billion, a PE ratio of 17.13, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus inc. has a 52-week low of $53.83 and a 52-week 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.