Swedbank AB bought a new position in ePlus inc. (NASDAQ:PLUS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 150,000 shares of the software maker's stock, valued at approximately $11,082,000. Swedbank AB owned about 0.56% of ePlus at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock worth $109,926,000 after acquiring an additional 463,621 shares during the last quarter. Millennium Management LLC grew its position in ePlus by 4,036.0% in the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker's stock valued at $18,525,000 after acquiring an additional 245,351 shares during the last quarter. Pacer Advisors Inc. increased its stake in ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after buying an additional 229,837 shares during the period. Wellington Management Group LLP raised its stake in shares of ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after acquiring an additional 164,016 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock worth $71,987,000 after buying an additional 105,526 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
Read Our Latest Research Report on ePlus
ePlus Stock Up 1.2 %
NASDAQ PLUS traded up $0.96 during midday trading on Tuesday, hitting $80.41. 85,432 shares of the company traded hands, compared to its average volume of 175,403. The company has a market cap of $2.15 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The company's 50-day simple moving average is $77.95 and its 200-day simple moving average is $87.03.
About ePlus
(
Free Report)
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.
Further Reading
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