Deutsche Bank AG raised its holdings in Ellie Mae (NYSE:ELLI) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,741 shares of the software maker’s stock after purchasing an additional 8,761 shares during the quarter. Deutsche Bank AG’s holdings in Ellie Mae were worth $6,679,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after purchasing an additional 602 shares during the last quarter. Natixis Asset Management raised its position in Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after purchasing an additional 715 shares during the last quarter. Stifel Financial Corp raised its position in Ellie Mae by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock valued at $288,000 after purchasing an additional 1,044 shares during the last quarter. Geode Capital Management LLC raised its position in Ellie Mae by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 280,755 shares of the software maker’s stock valued at $25,099,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Ellie Mae by 12.3% in the 3rd quarter. Legal & General Group Plc now owns 13,940 shares of the software maker’s stock valued at $1,143,000 after purchasing an additional 1,527 shares during the last quarter.
Several equities analysts have issued reports on ELLI shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $106.00 price objective on shares of Ellie Mae in a research report on Wednesday, February 14th. Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. KeyCorp restated a “buy” rating and set a $120.00 target price on shares of Ellie Mae in a research report on Wednesday, March 21st. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $114.00 in a research report on Tuesday, January 9th. Finally, Compass Point assumed coverage on Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $104.91.
ELLI stock opened at $92.82 on Monday. The firm has a market cap of $3,182.80, a PE ratio of 90.12, a PEG ratio of 7.89 and a beta of 0.53. Ellie Mae has a twelve month low of $79.71 and a twelve month high of $114.95.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. research analysts forecast that Ellie Mae will post 0.78 EPS for the current year.
In related news, Director Karen Blasing sold 1,728 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $100.00, for a total value of $172,800.00. Following the completion of the sale, the director now owns 7,275 shares in the company, valued at $727,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gates Cathleen Schreiner sold 13,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $95.56, for a total value of $1,242,280.00. Following the completion of the sale, the executive vice president now owns 56,313 shares of the company’s stock, valued at approximately $5,381,270.28. The disclosure for this sale can be found here. Insiders sold 72,269 shares of company stock valued at $6,660,105 in the last quarter. 3.39% of the stock is currently owned by corporate insiders.
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About Ellie Mae
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.
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