Swedbank AB Acquires New Shares in ePlus inc. (NASDAQ:PLUS)

Swedbank AB bought a new position in shares of ePlus inc. (NASDAQ:PLUS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the software maker’s stock, valued at approximately $11,082,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLUS. Pacer Advisors Inc. raised its position in shares of ePlus by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after purchasing an additional 229,837 shares during the period. FMR LLC raised its holdings in ePlus by 70.9% during the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after buying an additional 463,621 shares during the period. State Street Corp lifted its stake in ePlus by 0.6% in the third quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock valued at $100,439,000 after buying an additional 6,241 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after buying an additional 164,016 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after buying an additional 105,526 shares during the period. 93.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

ePlus Stock Up 1.0 %

PLUS stock opened at $79.90 on Friday. The business has a 50-day moving average of $78.00 and a 200-day moving average of $86.96. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98. The stock has a market capitalization of $2.14 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.79 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 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.