New York State Common Retirement Fund Increased Ellie Mae Inc (NYSE:ELLI) Stake by $15.13 Million

August 12, 2018 - By Adrian Mccoy

Ellie Mae, Inc. (NYSE:ELLI) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.14, from 0.99 in 2017Q4. It is negative, as 23 investors sold ELLI shares while 66 reduced holdings. 25 funds opened positions while 51 raised stakes. 37.21 million shares or 1.96% less from 37.95 million shares in 2017Q4 were reported. Ameriprise reported 33,895 shares. Merriman Wealth Management Ltd holds 1.95% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 80,586 shares. M&T National Bank & Trust owns 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 2,240 shares. Carroll Financial Associate Inc reported 66 shares. 876,494 are owned by Meritage Group L P. Mitsubishi Ufj Trust And Bk Corporation holds 0.04% or 274,640 shares. Brown Capital Management Ltd Liability reported 2.83 million shares. Bank Of New York Mellon Corp has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 176,681 shares. 80,255 are held by Cap Finance Advisers Ltd Co. Virtu Financial Ltd stated it has 2,792 shares or 0.01% of all its holdings. Ny State Common Retirement Fund stated it has 540,270 shares. Ems Limited Partnership reported 422,500 shares. Ftb has invested 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Aqr Cap Mngmt Ltd Limited Liability Company accumulated 10,075 shares or 0% of the stock. Millennium Mgmt Llc has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 3,211 shares.

Since February 15, 2018, it had 0 buys, and 49 selling transactions for $12.11 million activity. 589 shares valued at $62,381 were sold by Corr Jonathan on Friday, May 11. Anderman Sigmund had sold 3,151 shares worth $284,693. BROWN BRIAN E. sold $186,186 worth of stock or 2,081 shares. LaVay Matthew sold $48,776 worth of stock or 531 shares. On Wednesday, February 21 TYRRELL JOSEPH P. sold $315,804 worth of Ellie Mae, Inc. (NYSE:ELLI) or 3,450 shares. 2,256 shares valued at $206,387 were sold by HIRSCH PETER on Wednesday, February 21.

New York State Common Retirement Fund increased its stake in Ellie Mae Inc (NYSE:ELLI) by 27.18% based on its latest 2018Q2 regulatory filing with the SEC. New York State Common Retirement Fund bought 146,855 shares as the company’s stock rose 12.46% while stock markets declined. The institutional investor held 687,125 shares of the technology company at the end of 2018Q2, valued at $71.35 million, up from 540,270 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Ellie Mae Inc for a number of months, seems to be bullish on the $3.64 billion market cap company. The stock decreased 0.83% or $0.88 during the last trading session, reaching $104.99. About 455,549 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has declined 4.44% since August 13, 2017 and is downtrending. It has underperformed by 17.01% the S&P500.

New York State Common Retirement Fund, which manages about $80.10 billion US Long portfolio, decreased its stake in Amazon.Com Inc (NASDAQ:AMZN) by 24,114 shares to 1.12M shares, valued at $1.90B in 2018Q2, according to the filing. It also reduced its holding in O’reilly Automotive Inc (NASDAQ:ORLY) by 71,481 shares in the quarter, leaving it with 172,442 shares, and cut its stake in Infosys Technologies Adr (NYSE:INFY).

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Among 9 analysts covering Ellie Mae (NYSE:ELLI), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Ellie Mae had 9 analyst reports since April 12, 2018 according to SRatingsIntel. On Thursday, April 12 the stock rating was downgraded by Wedbush to “Underperform”. KeyBanc Capital Markets maintained it with “Overweight” rating and $135 target in Friday, July 27 report. Morgan Stanley maintained the shares of ELLI in report on Friday, July 27 with “Equal-Weight” rating. The firm has “Sell” rating by Compass Point given on Friday, April 27. Bank of America downgraded the stock to “Neutral” rating in Monday, April 16 report. The company was maintained on Friday, July 27 by JMP Securities. J.P. Morgan downgraded the stock to “Hold” rating in Thursday, June 21 report. JP Morgan downgraded the shares of ELLI in report on Thursday, June 21 to “Neutral” rating. The rating was upgraded by Zelman to “Hold” on Friday, April 20.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.64 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. It has a 102.83 P/E ratio. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

Another recent and important Ellie Mae, Inc. (NYSE:ELLI) news was published by Benzinga.com which published an article titled: “A Preview Of Ellie Mae’s Earnings” on July 26, 2018.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Positions Chart

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