Entropy Technologies LP Makes New $335,000 Investment in ePlus inc. (NASDAQ:PLUS)

Entropy Technologies LP bought a new stake in ePlus inc. (NASDAQ:PLUS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,408 shares of the software maker’s stock, valued at approximately $335,000.

A number of other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC increased its stake in ePlus by 68.0% during the 1st quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after acquiring an additional 26,143 shares during the period. Boston Partners acquired a new position in ePlus in the first quarter valued at about $649,000. CANADA LIFE ASSURANCE Co raised its stake in ePlus by 25.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock valued at $2,157,000 after purchasing an additional 5,508 shares in the last quarter. Quest Partners LLC lifted its position in ePlus by 175.7% during the second quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock worth $803,000 after purchasing an additional 6,948 shares during the period. Finally, Argent Capital Management LLC grew its stake in ePlus by 60.9% during the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock worth $934,000 after buying an additional 4,802 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This represents a 7.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

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

ePlus Price Performance

Shares of PLUS stock opened at $78.62 on Friday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The company has a quick ratio of 1.87, 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 $95.08 and a 200 day simple moving average of $86.03. The company has a market cap 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.

ePlus Company 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.