Metropolitan Life Insurance Co. NY held its position in shares of ePlus inc. (NASDAQ:PLUS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,163 shares of the software maker’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in ePlus inc. were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Elkfork Partners LLC boosted its stake in shares of ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock worth $119,000 after buying an additional 544 shares in the last quarter. Palo Capital Inc. acquired a new stake in shares of ePlus inc. during the first quarter worth approximately $203,000. Mason Street Advisors LLC boosted its stake in shares of ePlus inc. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock worth $208,000 after buying an additional 101 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of ePlus inc. by 15.2% in the first quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock worth $223,000 after buying an additional 218 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of ePlus inc. during the first quarter worth approximately $228,000. Institutional investors own 49.17% of the company’s stock.

Shares of ePlus inc. (NASDAQ:PLUS) traded down 1.33% during mid-day trading on Thursday, hitting $81.75. 9,759 shares of the stock were exchanged. The stock’s 50-day moving average price is $78.22 and its 200-day moving average price is $92.37. ePlus inc. has a 52-week low of $63.76 and a 52-week high of $141.00. The company has a market cap of $1.16 billion, a P/E ratio of 21.44 and a beta of 1.41.

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A number of brokerages have commented on PLUS. BidaskClub cut shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a report on Thursday, August 3rd. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a report on Saturday, August 5th. Finally, ValuEngine raised shares of ePlus inc. from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. ePlus inc. currently has a consensus rating of “Buy” and an average target price of $47.05.

In other news, Director C Thomas Faulders III sold 5,214 shares of ePlus inc. stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.43, for a total transaction of $445,432.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric D. Hovde sold 3,389 shares of ePlus inc. stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $80.30, for a total transaction of $272,136.70. Following the transaction, the director now directly owns 68,703 shares of the company’s stock, valued at $5,516,850.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,317 shares of company stock valued at $5,582,283. Insiders own 3.25% of the company’s stock.

About ePlus inc.

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 inc. (NASDAQ:PLUS)

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