Perkins Capital Management Inc Lowers stake in ePlus (PLUS)

ePlus (PLUS) : Perkins Capital Management Inc reduced its stake in ePlus by 4.33% during the most recent quarter end. The investment management company now holds a total of 22,100 shares of ePlus which is valued at $1,809,327 after selling 1,000 shares in ePlus , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.ePlus makes up approximately 1.99% of Perkins Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Reinhart Partners reduced its stake in PLUS by selling 16,190 shares or 44.88% in the most recent quarter. The Hedge Fund company now holds 19,880 shares of PLUS which is valued at $1,627,576. ePlus makes up approx 0.16% of Reinhart Partners’s portfolio.Nordea Investment Management Ab boosted its stake in PLUS in the latest quarter, The investment management firm added 5,686 additional shares and now holds a total of 7,632 shares of ePlus which is valued at $638,798.Copper Rock Capital Partners boosted its stake in PLUS in the latest quarter, The investment management firm added 3,806 additional shares and now holds a total of 244,825 shares of ePlus which is valued at $20,491,853. ePlus makes up approx 1.49% of Copper Rock Capital Partners’s portfolio.James Investment Research Inc boosted its stake in PLUS in the latest quarter, The investment management firm added 20,690 additional shares and now holds a total of 127,473 shares of ePlus which is valued at $10,678,413. ePlus makes up approx 0.26% of James Investment Research Inc’s portfolio. Capital Analysts sold out all of its stake in PLUS during the most recent quarter. The investment firm sold 2,080 shares of PLUS which is valued $174,242.

ePlus opened for trading at $83.47 and hit $84.5 on the upside on Wednesday, eventually ending the session at $83.7, with a gain of 0.61% or 0.51 points. The heightened volatility saw the trading volume jump to 23,775 shares. Company has a market cap of $601 M.

ePlus inc. is an integrator of technology solutions for information technology (IT) lifecycle management. The Company is engaged in selling leasing financing and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products third-party software third-party maintenance advanced professional and managed services and its software to commercial state and local governments and government contractors. The financing segment consists of the financing of IT equipment software and related services to commercial state and local governments and government contractors. The Company designs implements and provides an array of IT solutions from multiple IT vendors including Check Point Cisco Systems Dell EMC FireEye F5 Networks Hewlett-Packard Juniper McAfee NetApp Nimble Oracle Palo Alto Networks Pure Storage and VMware among others.

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