First Trust Advisors LP Has $1.62 Million Stock Position in ePlus inc. (NASDAQ:PLUS)

First Trust Advisors LP lowered its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,967 shares of the software maker's stock after selling 11,328 shares during the quarter. First Trust Advisors LP owned about 0.08% of ePlus worth $1,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLUS. Rockefeller Capital Management L.P. bought a new stake in ePlus during the 4th quarter worth approximately $15,590,000. Swedbank AB bought a new stake in ePlus during the 4th quarter worth approximately $11,082,000. American Century Companies Inc. increased its stake in ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after purchasing an additional 121,945 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ePlus during the 4th quarter worth approximately $8,683,000. Finally, JPMorgan Chase & Co. increased its stake in ePlus by 126.6% during the 4th quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker's stock worth $9,180,000 after purchasing an additional 69,410 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

ePlus Stock Up 5.0%

NASDAQ:PLUS traded up $3.17 during trading hours on Monday, reaching $67.02. 8,793 shares of the stock were exchanged, compared to its average volume of 217,605. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm has a 50 day moving average of $61.83 and a 200 day moving average of $72.67. The stock has a market cap of $1.78 billion, a PE ratio of 17.10, a PEG ratio of 1.83 and a beta of 1.12.

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.