Creative Planning Buys Shares of 2,843 ePlus inc. (NASDAQ:PLUS)

Creative Planning bought a new stake in shares of ePlus inc. (NASDAQ:PLUS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,843 shares of the software maker’s stock, valued at approximately $280,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in ePlus by 203.2% during 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 in the last quarter. CWM LLC increased its stake in shares of ePlus by 1,247.7% in the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after purchasing an additional 549 shares during the period. Innealta Capital LLC bought a new position in shares of ePlus in the second quarter worth about $66,000. EntryPoint Capital LLC increased its stake in shares of ePlus by 1,236.7% in 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, Picton Mahoney Asset Management bought a new position in shares of ePlus in the second quarter worth about $156,000. 93.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research note on Thursday.

ePlus Stock Down 0.1 %

PLUS stock opened at $98.50 on Friday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The company has a market cap of $2.65 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. The business’s 50-day simple moving average is $95.53 and its 200 day simple moving average is $85.76. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01.

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.