Legal & General Group Plc grew its stake in ePlus Inc. (NASDAQ:PLUS) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,430 shares of the software maker’s stock after acquiring an additional 1,694 shares during the quarter. Legal & General Group Plc owned about 0.18% of ePlus worth $2,352,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TIAA CREF Investment Management LLC lifted its position in shares of ePlus by 106.7% in the second quarter. TIAA CREF Investment Management LLC now owns 35,159 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 18,152 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of ePlus in the second quarter valued at $957,000. Chicago Equity Partners LLC lifted its position in shares of ePlus by 5.6% in the third quarter. Chicago Equity Partners LLC now owns 106,655 shares of the software maker’s stock valued at $9,860,000 after acquiring an additional 5,640 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of ePlus by 32.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 13,014 shares of the software maker’s stock valued at $963,000 after acquiring an additional 3,157 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of ePlus by 36.4% in the second quarter. Pacific Ridge Capital Partners LLC now owns 14,490 shares of the software maker’s stock valued at $1,074,000 after acquiring an additional 3,870 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.

In related news, CEO Mark P. Marron sold 10,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total transaction of $934,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Elaine D. Marion sold 3,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total value of $280,200.00. The disclosure for this sale can be found here. Insiders have sold 14,200 shares of company stock worth $1,310,620 over the last quarter. 3.25% of the stock is currently owned by company insiders.

PLUS has been the topic of several recent research reports. Zacks Investment Research downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of ePlus in a research report on Tuesday, September 12th. ValuEngine downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. ePlus has an average rating of “Hold” and a consensus price target of $58.77.

ePlus Inc. (NASDAQ:PLUS) opened at $76.70 on Thursday. ePlus Inc. has a 12-month low of $54.28 and a 12-month high of $97.75. The firm has a market capitalization of $1,123.80, a PE ratio of 19.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.65.

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About ePlus

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.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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