New York State Teachers Retirement System Sells 200 Shares of ePlus inc. (NASDAQ:PLUS)

New York State Teachers Retirement System trimmed its position in ePlus inc. (NASDAQ:PLUS) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,416 shares of the software maker’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned approximately 0.05% of ePlus worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in ePlus by 203.2% in the 3rd 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 grew its stake in shares of ePlus by 1,247.7% during the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after acquiring an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of ePlus in the second quarter valued at approximately $66,000. EntryPoint Capital LLC lifted its position in shares of ePlus by 1,236.7% in the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after purchasing an additional 977 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in ePlus during the second quarter worth $156,000. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Down 0.1 %

NASDAQ:PLUS opened at $98.50 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 capitalization of $2.65 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $95.53 and its two-hundred day moving average price is $85.76.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction on 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 $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.02% of the stock is owned by company insiders.

ePlus Profile

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.