Allianz Asset Management GmbH lifted its stake in ePlus Inc. (NASDAQ:PLUS) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,434 shares of the software maker’s stock after buying an additional 1,283 shares during the quarter. Allianz Asset Management GmbH owned about 0.47% of ePlus worth $6,142,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in ePlus by 169.6% during the 2nd quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock valued at $103,000 after buying an additional 872 shares in the last quarter. Bank of Montreal Can grew its holdings in ePlus by 74.2% during the 2nd quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock valued at $119,000 after buying an additional 684 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in ePlus by 102.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock valued at $128,000 after buying an additional 876 shares in the last quarter. Aperio Group LLC purchased a new position in ePlus during the 3rd quarter valued at approximately $226,000. Finally, Capital Fund Management S.A. purchased a new position in ePlus during the 2nd quarter valued at approximately $207,000. 89.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John E. Callies sold 1,200 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.35, for a total value of $96,420.00. Following the completion of the transaction, the director now directly owns 11,154 shares of the company’s stock, valued at approximately $896,223.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.25% of the company’s stock.
Several research firms have weighed in on PLUS. BidaskClub cut ePlus from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $75.00 price objective on shares of ePlus in a report on Tuesday, October 17th.
Shares of ePlus Inc. (NASDAQ PLUS) traded up $0.80 during midday trading on Thursday, reaching $77.55. The company’s stock had a trading volume of 57,048 shares, compared to its average volume of 111,277. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $1,090.00, a price-to-earnings ratio of 20.20 and a beta of 1.28. ePlus Inc. has a 1-year low of $54.28 and a 1-year high of $97.75.
COPYRIGHT VIOLATION WARNING: “Allianz Asset Management GmbH Buys 1,283 Shares of ePlus Inc. (NASDAQ:PLUS)” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/11/eplus-inc-plus-shares-bought-by-allianz-asset-management-gmbh.html.
ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.