Deutsche Bank AG grew its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,966 shares of the software maker's stock after purchasing an additional 9,539 shares during the quarter. Deutsche Bank AG owned approximately 0.41% of ePlus worth $8,124,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after buying an additional 303 shares during the last quarter. Quarry LP grew its position in shares of ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after buying an additional 430 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of ePlus in the 4th quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of ePlus in the 4th quarter worth approximately $61,000. Institutional investors own 93.80% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.
Get Our Latest Report on PLUS
ePlus Stock Up 0.6%
Shares of ePlus stock traded up $0.40 on Tuesday, reaching $66.50. The stock had a trading volume of 86,473 shares, compared to its average volume of 213,509. The company has a 50 day moving average price of $62.00 and a 200 day moving average price of $71.49. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The stock has a market capitalization of $1.77 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.83 and a beta of 1.12.
ePlus Company Profile
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Free Report)
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.
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