Rk Capital Management Has Lifted Its Broadsoft (BSFT) Holding; Eplus (PLUS) SI Increased By 3.62%

February 14, 2018 - By Linda Rogers

Rk Capital Management Llc increased Broadsoft Inc (BSFT) stake by 12.44% reported in 2017Q3 SEC filing. Rk Capital Management Llc acquired 21,900 shares as Broadsoft Inc (BSFT)’s stock declined 14.92%. The Rk Capital Management Llc holds 197,960 shares with $9.96 million value, up from 176,060 last quarter. Broadsoft Inc now has $1.75B valuation. It closed at $54.9 lastly. It is down 7.18% since February 14, 2017 and is downtrending. It has underperformed by 23.88% the S&P500.

Eplus Incorporated (NASDAQ:PLUS) had an increase of 3.62% in short interest. PLUS’s SI was 137,300 shares in February as released by FINRA. Its up 3.62% from 132,500 shares previously. With 81,100 avg volume, 2 days are for Eplus Incorporated (NASDAQ:PLUS)’s short sellers to cover PLUS’s short positions. The SI to Eplus Incorporated’s float is 1.01%. The stock decreased 0.07% or $0.05 during the last trading session, reaching $73.4. About 41,355 shares traded. ePlus inc. (NASDAQ:PLUS) has risen 75.66% since February 14, 2017 and is uptrending. It has outperformed by 58.96% the S&P500.

Investors sentiment decreased to 1.48 in Q3 2017. Its down 3.20, from 4.68 in 2017Q2. It dived, as 17 investors sold ePlus inc. shares while 44 reduced holdings. 30 funds opened positions while 60 raised stakes. 12.25 million shares or 47.90% less from 23.51 million shares in 2017Q2 were reported. Clarivest Asset Mngmt Ltd Co holds 0.04% or 20,998 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 0.03% or 24,636 shares. First Quadrant L P Ca reported 27,966 shares stake. 8,796 are held by Ny State Teachers Retirement. 192,856 are held by Comml Bank Of New York Mellon Corporation. Moreover, Martingale Asset Mgmt Limited Partnership has 0.05% invested in ePlus inc. (NASDAQ:PLUS). California Employees Retirement Sys has invested 0.01% in ePlus inc. (NASDAQ:PLUS). Clark Cap Group has 30,653 shares. Moreover, Strs Ohio has 0% invested in ePlus inc. (NASDAQ:PLUS). Credit Suisse Ag invested in 0% or 16,650 shares. Aperio Group Inc Limited holds 2,442 shares. First Midwest National Bank Tru Division holds 0.06% of its portfolio in ePlus inc. (NASDAQ:PLUS) for 5,742 shares. Goldman Sachs Inc stated it has 0% in ePlus inc. (NASDAQ:PLUS). Jefferies Group Incorporated Limited Liability Company stated it has 4,600 shares. First Wilshire Mgmt holds 1.29% or 49,398 shares in its portfolio.

ePlus inc., an engineering-centric technology solutions provider, provides information technology services and products, flexible leasing and financing solutions, and enterprise supply management in the United States. The company has market cap of $1.02 billion. It operates through two divisions, Technology and Financing. It has a 18.17 P/E ratio. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

Since September 6, 2017, it had 0 insider purchases, and 5 sales for $2.29 million activity. On Thursday, January 18 Marion Elaine D sold $241,354 worth of ePlus inc. (NASDAQ:PLUS) or 3,000 shares. BOWEN BRUCE M also sold $804,173 worth of ePlus inc. (NASDAQ:PLUS) on Monday, September 18. MARRON MARK P had sold 10,000 shares worth $934,016.

Among 3 analysts covering ePlus (NASDAQ:PLUS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. ePlus had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Stifel Nicolaus maintained ePlus inc. (NASDAQ:PLUS) on Thursday, August 3 with “Hold” rating. The stock of ePlus inc. (NASDAQ:PLUS) earned “Buy” rating by Sidoti on Friday, February 9. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, September 10. The rating was maintained by Sidoti on Thursday, May 26 with “Buy”. Canaccord Genuity reinitiated ePlus inc. (NASDAQ:PLUS) on Tuesday, January 5 with “Buy” rating. Sidoti downgraded ePlus inc. (NASDAQ:PLUS) rating on Monday, October 12. Sidoti has “Neutral” rating and $91 target. The firm earned “Hold” rating on Friday, December 9 by Stifel Nicolaus. Canaccord Genuity maintained the shares of PLUS in report on Thursday, November 5 with “Buy” rating. The firm earned “Hold” rating on Friday, October 30 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, November 2 report.

Among 11 analysts covering Broadsoft (NASDAQ:BSFT), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Broadsoft had 30 analyst reports since November 5, 2015 according to SRatingsIntel. Needham maintained BroadSoft, Inc. (NASDAQ:BSFT) on Thursday, November 5 with “Buy” rating. Jefferies maintained BroadSoft, Inc. (NASDAQ:BSFT) on Friday, June 23 with “Buy” rating. The firm earned “Neutral” rating on Tuesday, August 8 by Robert W. Baird. The stock of BroadSoft, Inc. (NASDAQ:BSFT) has “Outperform” rating given on Wednesday, January 20 by Wells Fargo. The stock of BroadSoft, Inc. (NASDAQ:BSFT) has “Buy” rating given on Tuesday, August 2 by Jefferies. The rating was downgraded by Needham on Tuesday, October 24 to “Hold”. The firm has “Buy” rating by Cowen & Co given on Friday, September 1. On Tuesday, November 7 the stock rating was downgraded by Cowen & Co to “Market Perform”. Northland Capital maintained the stock with “Hold” rating in Friday, November 17 report. As per Friday, July 28, the company rating was maintained by Cowen & Co.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.03, from 0.99 in 2017Q2. It dropped, as 17 investors sold BSFT shares while 57 reduced holdings. 27 funds opened positions while 44 raised stakes. 33.56 million shares or 3.91% less from 34.92 million shares in 2017Q2 were reported. Whetstone Capital Advsrs Ltd holds 49,793 shares. Swiss Commercial Bank has invested 0% in BroadSoft, Inc. (NASDAQ:BSFT). Scout Incorporated has invested 0.21% in BroadSoft, Inc. (NASDAQ:BSFT). Dimensional Fund LP owns 32,044 shares or 0% of their US portfolio. 33,235 are owned by Susquehanna Gp Llp. Geode Cap Management Ltd holds 0.01% of its portfolio in BroadSoft, Inc. (NASDAQ:BSFT) for 271,287 shares. Bank Of Mellon Corporation reported 157,259 shares stake. Elk Creek Lc owns 1.05% invested in BroadSoft, Inc. (NASDAQ:BSFT) for 330,952 shares. Moreover, State Of Wisconsin Inv Board has 0.03% invested in BroadSoft, Inc. (NASDAQ:BSFT) for 226,296 shares. Vanguard Group reported 2.54 million shares. The California-based Schwab Charles Investment Management has invested 0.01% in BroadSoft, Inc. (NASDAQ:BSFT). Pnc Financial Service Gp holds 0% in BroadSoft, Inc. (NASDAQ:BSFT) or 72,668 shares. Etrade Capital Management Lc stated it has 26,583 shares. Nationwide Fund stated it has 17,082 shares or 0% of all its holdings. 61,380 are owned by Ngam L P.

Since August 30, 2017, it had 0 insider buys, and 7 insider sales for $2.18 million activity. Another trade for 3,000 shares valued at $144,000 was sold by Markley John D. Jr.. Another trade for 4,448 shares valued at $244,462 was made by Hoffpauir Scott D. on Wednesday, January 17.

Rk Capital Management Llc decreased Extreme Networks Inc (NASDAQ:EXTR) stake by 829,690 shares to 1.32 million valued at $15.69M in 2017Q3. It also reduced Ipg Photonics Corp (NASDAQ:IPGP) stake by 18,200 shares and now owns 29,751 shares. Old Dominion Fght Lines Inc (NASDAQ:ODFL) was reduced too.

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