As Franklin Resources (BEN) Share Price Declined, Shareholder Gallagher Fiduciary Advisors Trimmed by $1.97 Million Its Holding; Ellie Mae (ELLI) Stock Price Declined While Artisan Partners Limited Partnership Decreased by $811,324 Its Holding

April 23, 2018 - By Louis Casey

Ellie Mae, Inc. (NYSE:ELLI) Logo

Gallagher Fiduciary Advisors Llc decreased its stake in Franklin Resources Inc. (BEN) by 2.44% based on its latest 2017Q4 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 45,737 shares as the company’s stock declined 14.35% with the market. The institutional investor held 1.83 million shares of the finance company at the end of 2017Q4, valued at $79.08M, down from 1.87M at the end of the previous reported quarter. Gallagher Fiduciary Advisors Llc who had been investing in Franklin Resources Inc. for a number of months, seems to be less bullish one the $18.25 billion market cap company. The stock decreased 1.03% or $0.35 during the last trading session, reaching $33.69. About 959,728 shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since April 23, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Ellie Mae Inc (ELLI) by 2.17% based on its latest 2017Q4 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 9,116 shares as the company’s stock declined 0.57% with the market. The institutional investor held 411,018 shares of the technology company at the end of 2017Q4, valued at $36.75 million, down from 420,134 at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Ellie Mae Inc for a number of months, seems to be less bullish one the $3.05 billion market cap company. The stock decreased 0.95% or $0.85 during the last trading session, reaching $88.8. About 136,426 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has declined 6.50% since April 23, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Since October 30, 2017, it had 0 insider purchases, and 2 insider sales for $4.61 million activity.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 95 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of BEN in report on Tuesday, August 11 with “Equal Weight” rating. The rating was maintained by Citigroup on Thursday, September 10 with “Neutral”. Bank of America downgraded Franklin Resources, Inc. (NYSE:BEN) on Tuesday, March 15 to “Underperform” rating. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 5. The company was maintained on Wednesday, July 5 by Keefe Bruyette & Woods. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, June 16 by Deutsche Bank. The company was upgraded on Thursday, March 16 by Bank of America. The company was maintained on Friday, January 8 by Deutsche Bank. The company was downgraded on Thursday, November 10 by Deutsche Bank. Barclays Capital initiated the stock with “Underweight” rating in Friday, September 8 report.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on April, 26 before the open. They expect $0.75 EPS, up 1.35% or $0.01 from last year’s $0.74 per share. BEN’s profit will be $406.28M for 11.23 P/E if the $0.75 EPS becomes a reality. After $0.88 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -14.77% negative EPS growth.

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It is positive, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Cap Planning invested in 29,888 shares or 0.45% of the stock. Contravisory Incorporated holds 1.43% or 91,007 shares. National Pension Service owns 358,986 shares. Moreover, Employees Retirement Sys Of Texas has 0.03% invested in Franklin Resources, Inc. (NYSE:BEN). Gsa Partners Llp has 0.05% invested in Franklin Resources, Inc. (NYSE:BEN) for 18,159 shares. Proshare Limited Liability Corp reported 0.48% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Colony Ltd Limited Liability Company holds 5,091 shares. Regions Financial reported 4,234 shares. Waratah Advisors holds 0.27% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 53,333 shares. First Republic holds 137,438 shares or 0.04% of its portfolio. Farmers Tru holds 11,982 shares or 0.15% of its portfolio. Texas Permanent School Fund accumulated 89,216 shares or 0.05% of the stock. Adage Cap Prtn Group Limited Liability Co holds 232,700 shares. Fred Alger Management Inc reported 1,396 shares or 0% of all its holdings. Kelly Lawrence W Associate Ca has 423 shares.

Since December 7, 2017, it had 0 insider buys, and 33 selling transactions for $9.54 million activity. $315,804 worth of stock was sold by TYRRELL JOSEPH P. on Wednesday, February 21. Shares for $21,992 were sold by Anderman Sigmund on Monday, April 2. SCHREINER GATES CATHLEEN also sold $251,333 worth of Ellie Mae, Inc. (NYSE:ELLI) on Thursday, February 15. The insider LaVay Matthew sold 531 shares worth $48,776. $153,361 worth of Ellie Mae, Inc. (NYSE:ELLI) shares were sold by BROWN BRIAN E.. $172,800 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by BLASING KAREN on Wednesday, January 24.

Artisan Partners Limited Partnership, which manages about $52.81 billion US Long portfolio, upped its stake in Novanta Inc by 311,815 shares to 768,546 shares, valued at $38.43 million in 2017Q4, according to the filing. It also increased its holding in Transunion by 1.45M shares in the quarter, for a total of 3.56 million shares, and has risen its stake in Telefonica Brasil Sa.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.05, from 0.94 in 2017Q3. It increased, as 23 investors sold ELLI shares while 62 reduced holdings. 32 funds opened positions while 52 raised stakes. 37.95 million shares or 7.38% more from 35.35 million shares in 2017Q3 were reported. Dimensional Fund LP accumulated 384,535 shares. Clarivest Asset Mngmt, a California-based fund reported 10,800 shares. Mitsubishi Ufj & Bk Corporation, Japan-based fund reported 288,010 shares. Hmi Cap Llc, a California-based fund reported 235,000 shares. Oppenheimer & owns 6,655 shares. Goldman Sachs Gru Incorporated reported 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Mirador Prns Limited Partnership reported 21,754 shares stake. Metropolitan Life Insurance Com Ny has 10,566 shares. Hermes Investment Ltd, a United Kingdom-based fund reported 186,905 shares. Cetera Advisor Limited Liability Company owns 3,100 shares. Moreover, Tekne Management Ltd Limited Liability Company has 7.76% invested in Ellie Mae, Inc. (NYSE:ELLI) for 429,739 shares. Royal National Bank Of Canada holds 0% or 4,324 shares in its portfolio. Quinn Opportunity Ltd Company stated it has 3,408 shares or 0.05% of all its holdings. 4,029 are owned by Principal Fincl Group. 447,700 are held by Waddell & Reed Financial Inc.

Analysts await Ellie Mae, Inc. (NYSE:ELLI) to report earnings on April, 26 after the close. They expect $-0.11 earnings per share, down 466.67% or $0.14 from last year’s $0.03 per share. After $0.17 actual earnings per share reported by Ellie Mae, Inc. for the previous quarter, Wall Street now forecasts -164.71% negative EPS growth.

Among 19 analysts covering Elli Mae (NYSE:ELLI), 11 have Buy rating, 2 Sell and 6 Hold. Therefore 58% are positive. Elli Mae had 57 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Sunday, October 8 by RBC Capital Markets. As per Friday, July 29, the company rating was maintained by Needham. The stock has “Overweight” rating by JP Morgan on Friday, September 9. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, February 5. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 9 report. KeyBanc Capital Markets maintained it with “Buy” rating and $116.0 target in Thursday, August 31 report. The firm has “Buy” rating given on Friday, July 31 by TH Capital. Barclays Capital maintained it with “Equal Weight” rating and $110 target in Friday, July 29 report. On Thursday, July 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Hold” rating given on Thursday, July 27 by RBC Capital Markets.

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