Zpr Investment Management Lowers stake in ePlus (PLUS)

ePlus (PLUS) : Zpr Investment Management reduced its stake in ePlus by 22.1% during the most recent quarter end. The investment management company now holds a total of 41,135 shares of ePlus which is valued at $3,565,993 after selling 11,670 shares in ePlus , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.ePlus makes up approximately 4.12% of Zpr Investment Management’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management sold out all of its stake in PLUS during the most recent quarter. The investment firm sold 3,340 shares of PLUS which is valued $289,545.Grantham Mayo Van Otterloo reduced its stake in PLUS by selling 2,359 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 44,841 shares of PLUS which is valued at $3,887,266. ePlus makes up approx 0.02% of Grantham Mayo Van Otterloo’s portfolio.Allianz Asset Management Ag reduced its stake in PLUS by selling 73,608 shares or 53.12% in the most recent quarter. The Hedge Fund company now holds 64,966 shares of PLUS which is valued at $5,631,903. ePlus makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Uniplan Investment Counsel boosted its stake in PLUS in the latest quarter, The investment management firm added 8,156 additional shares and now holds a total of 66,855 shares of ePlus which is valued at $5,795,660. ePlus makes up approx 0.26% of Uniplan Investment Counsel’s portfolio.Blackrock Advisors boosted its stake in PLUS in the latest quarter, The investment management firm added 428 additional shares and now holds a total of 3,081 shares of ePlus which is valued at $267,092.

ePlus opened for trading at $90.69 and hit $91.63 on the upside on Thursday, eventually ending the session at $91.4, with a gain of 0.98% or 0.89 points. The heightened volatility saw the trading volume jump to 65,074 shares. Company has a market cap of $648 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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