California State Teachers Retirement System Sells 5,756 Shares of Ellie Mae Inc (ELLI)

California State Teachers Retirement System decreased its position in shares of Ellie Mae Inc (NYSE:ELLI) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,222 shares of the software maker’s stock after selling 5,756 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Ellie Mae worth $4,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in shares of Ellie Mae by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after acquiring an additional 118 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ellie Mae by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after acquiring an additional 119 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Ellie Mae during the 3rd quarter valued at $139,000. Stifel Financial Corp acquired a new stake in shares of Ellie Mae during the 2nd quarter valued at $270,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Ellie Mae during the 2nd quarter valued at $307,000.

In other news, insider Sigmund Anderman sold 12,000 shares of Ellie Mae stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $89.24, for a total value of $1,070,880.00. Following the completion of the transaction, the insider now directly owns 98,321 shares of the company’s stock, valued at approximately $8,774,166.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Corr sold 1,623 shares of Ellie Mae stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $88.72, for a total value of $143,992.56. Following the completion of the transaction, the chief executive officer now directly owns 114,633 shares of the company’s stock, valued at $10,170,239.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,950 shares of company stock valued at $5,740,305. Corporate insiders own 3.39% of the company’s stock.

Several brokerages recently issued reports on ELLI. Compass Point began coverage on Ellie Mae in a research report on Wednesday. They set a “sell” rating and a $65.00 target price for the company. Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday. KeyCorp reaffirmed a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. Finally, Barclays raised their target price on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $107.42.

Ellie Mae Inc (ELLI) opened at $89.66 on Friday. Ellie Mae Inc has a 12-month low of $79.71 and a 12-month high of $114.95. The firm has a market capitalization of $3,100.00, a PE ratio of 59.38, a PEG ratio of 11.81 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts anticipate that Ellie Mae Inc will post 0.9 EPS for the current year.

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About Ellie Mae

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.

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

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