Ellie Mae Inc (ELLI) Stake Decreased by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,575 shares of the software maker’s stock after selling 1,808 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Ellie Mae worth $4,742,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Mirador Capital Partners LP lifted its holdings in shares of Ellie Mae by 3.1% during the 1st quarter. Mirador Capital Partners LP now owns 22,439 shares of the software maker’s stock valued at $2,174,000 after purchasing an additional 685 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Ellie Mae by 36.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock valued at $237,000 after purchasing an additional 689 shares in the last quarter. Natixis Asset Management lifted its holdings in shares of Ellie Mae by 1.4% during 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Ellie Mae by 8.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,914 shares of the software maker’s stock valued at $1,095,000 after purchasing an additional 899 shares in the last quarter. Finally, We Are One Seven LLC lifted its holdings in shares of Ellie Mae by 238.3% during the 1st quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock valued at $121,000 after purchasing an additional 927 shares in the last quarter.

A number of brokerages recently issued reports on ELLI. KeyCorp reissued a “buy” rating and issued a $120.00 target price on shares of Ellie Mae in a research report on Wednesday, March 21st. Zelman & Associates raised Ellie Mae from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. Zacks Investment Research lowered Ellie Mae from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Bank of America lowered Ellie Mae from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Monday, April 16th. Finally, JPMorgan Chase & Co. lowered Ellie Mae from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $112.00 to $118.00 in a research report on Thursday, June 21st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $103.33.

In other Ellie Mae news, Director Karen Blasing sold 579 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The stock was sold at an average price of $110.50, for a total transaction of $63,979.50. Following the transaction, the director now owns 5,748 shares of the company’s stock, valued at approximately $635,154. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan Corr sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $94.34, for a total value of $55,566.26. Following the transaction, the chief executive officer now directly owns 109,572 shares in the company, valued at approximately $10,337,022.48. The disclosure for this sale can be found here. Insiders have sold a total of 34,443 shares of company stock worth $3,641,294 in the last ninety days. Insiders own 3.14% of the company’s stock.

Ellie Mae opened at $104.47 on Friday, MarketBeat Ratings reports. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 101.43, a P/E/G ratio of 6.77 and a beta of 0.59. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $116.90.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.25. The firm had revenue of $117.91 million for the quarter, compared to analyst estimates of $108.80 million. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. sell-side analysts forecast that Ellie Mae Inc will post 0.86 earnings per share for the current fiscal year.

Ellie Mae Profile

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.

Institutional Ownership by Quarter for Ellie Mae (NYSE:ELLI)

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