California Public Employees Retirement System raised its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,482 shares of the software maker’s stock after acquiring an additional 3,782 shares during the quarter. California Public Employees Retirement System owned approximately 0.40% of Ellie Mae worth $11,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ellie Mae by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,637,165 shares of the software maker’s stock valued at $289,851,000 after buying an additional 49,323 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Ellie Mae by 10.6% in the second quarter. Alliancebernstein L.P. now owns 1,046,902 shares of the software maker’s stock valued at $115,065,000 after buying an additional 100,103 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Ellie Mae by 51.5% in the third quarter. Baillie Gifford & Co. now owns 818,296 shares of the software maker’s stock valued at $67,207,000 after buying an additional 278,321 shares in the last quarter. FMR LLC grew its stake in shares of Ellie Mae by 1.2% in the second quarter. FMR LLC now owns 727,992 shares of the software maker’s stock valued at $80,014,000 after buying an additional 8,843 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in shares of Ellie Mae by 5.2% in the third quarter. Van Berkom & Associates Inc. now owns 678,721 shares of the software maker’s stock valued at $55,743,000 after buying an additional 33,828 shares in the last quarter.

In other news, insider Sigmund Anderman sold 12,000 shares of Ellie Mae stock in a transaction on Friday, October 20th. The stock was sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the completion of the sale, the insider now owns 98,321 shares of the company’s stock, valued at $8,774,166.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jonathan Corr sold 2,212 shares of Ellie Mae stock in a transaction on Monday, December 11th. The stock was sold at an average price of $88.95, for a total value of $196,757.40. Following the sale, the chief executive officer now directly owns 114,633 shares of the company’s stock, valued at approximately $10,196,605.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,343 shares of company stock valued at $3,812,154. Company insiders own 3.39% of the company’s stock.

Ellie Mae Inc (ELLI) opened at $91.96 on Thursday. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95. The company has a market cap of $3,200.00, a price-to-earnings ratio of 60.90, a price-to-earnings-growth ratio of 7.75 and a beta of 0.28.

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

Several equities analysts recently weighed in on ELLI shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of Ellie Mae in a research note on Friday, September 1st. ValuEngine raised shares of Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Ellie Mae in a research note on Sunday, September 3rd. Oppenheimer reissued a “buy” rating and issued a $101.00 target price on shares of Ellie Mae in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $110.96.

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Ellie Mae Profile

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.

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

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