Perkins Capital Management Inc buys $1,906,905 stake in ePlus (PLUS)

ePlus (PLUS) : Perkins Capital Management Inc scooped up 100 additional shares in ePlus during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 23,100 shares of ePlus which is valued at $1,906,905.ePlus makes up approximately 2.27% of Perkins Capital Management Inc’s portfolio.

ePlus opened for trading at $80.97 and hit $82.56 on the upside on Friday, eventually ending the session at $82.55, with a gain of 1.48% or 1.2 points. The heightened volatility saw the trading volume jump to 57,675 shares. Company has a market cap of $618 M.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in PLUS during the most recent quarter. The investment firm sold 107,036 shares of PLUS which is valued $8,717,012. Denali Advisors sold out all of its stake in PLUS during the most recent quarter. The investment firm sold 26 shares of PLUS which is valued $2,117.Copper Rock Capital Partners boosted its stake in PLUS in the latest quarter, The investment management firm added 17,588 additional shares and now holds a total of 241,019 shares of ePlus which is valued at $18,669,332. ePlus makes up approx 1.64% of Copper Rock Capital Partners’s portfolio.

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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