ePlus inc. (NASDAQ:PLUS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of ePlus inc. (NASDAQ:PLUS) by 60.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,480 shares of the software maker’s stock after selling 20,591 shares during the quarter. BNP Paribas Financial Markets’ holdings in ePlus were worth $1,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in ePlus by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock worth $959,000 after acquiring an additional 203 shares during the period. Louisiana State Employees Retirement System raised its holdings in ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after acquiring an additional 200 shares during the last quarter. Argent Capital Management LLC grew its position in shares of ePlus by 60.9% in the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock valued at $934,000 after purchasing an additional 4,802 shares during the period. Finally, Legato Capital Management LLC increased its stake in ePlus by 2.8% in the second quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock valued at $6,396,000 after purchasing an additional 2,371 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.02% of the stock is currently owned by insiders.

ePlus Trading Down 2.0 %

Shares of PLUS opened at $79.64 on Tuesday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The firm has a market capitalization of $2.13 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $90.70 and its 200 day simple moving average is $86.34.

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.