State of New Jersey Common Pension Fund D Sells 4,272 Shares of ePlus inc. (NASDAQ:PLUS)

State of New Jersey Common Pension Fund D decreased its stake in ePlus inc. (NASDAQ:PLUS) by 17.0% in the third quarter, Holdings Channel.com reports. The firm owned 20,878 shares of the software maker’s stock after selling 4,272 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ePlus were worth $2,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of 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 during the last quarter. CWM LLC lifted its position 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 purchasing an additional 549 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of ePlus during the second quarter valued at $66,000. EntryPoint Capital LLC boosted its stake in shares of ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $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 owned by hedge funds and other institutional investors.

ePlus Trading Down 2.3 %

Shares of NASDAQ PLUS opened at $78.62 on Friday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The firm has a market cap of $2.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The business has a fifty day simple moving average of $95.28 and a two-hundred day simple moving average of $86.03. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

Insider Activity at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.