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

August 12, 2018 - By Carolyn Hewitt

Ellie Mae, Inc. (NYSE:ELLI) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.14, from 0.99 in 2017Q4. It turned 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. Rhumbline Advisers has invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI). 1,684 are owned by Tower Research Capital Ltd Liability Co (Trc). Retail Bank Of America Corp De accumulated 105,775 shares or 0% of the stock. Wealthtrust accumulated 168 shares. Ems Cap L P holds 3.48% or 422,500 shares in its portfolio. Frontier Cap Management Ltd Com owns 0.22% invested in Ellie Mae, Inc. (NYSE:ELLI) for 325,988 shares. Balyasny Asset Ltd Limited Liability Company reported 0.03% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Van Berkom And invested 1.99% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). American Management has invested 0.02% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Eagle Asset Mgmt owns 577,269 shares or 0.29% of their US portfolio. Pnc Grp Inc has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). 9,937 were reported by Atlantic Trust Limited Com. California State Teachers Retirement Systems holds 51,575 shares. California Pub Employees Retirement Sys invested in 0.02% or 135,648 shares. Qs Investors Limited Com holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 500 shares.

Since February 15, 2018, it had 0 insider buys, and 49 sales for $12.11 million activity. 5,987 Ellie Mae, Inc. (NYSE:ELLI) shares with value of $560,965 were sold by Anderman Sigmund. Another trade for 946 shares valued at $96,795 was made by DOLAN A BARR on Friday, May 18. $63,980 worth of Ellie Mae, Inc. (NYSE:ELLI) shares were sold by BLASING KAREN. $186,186 worth of stock was sold by BROWN BRIAN E. on Thursday, February 15. 53 shares were sold by LaVay Matthew, worth $5,996 on Friday, June 15. Shares for $206,808 were sold by SCHREINER GATES CATHLEEN.

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 Andeavor () by 187,347 shares to 294,530 shares, valued at $38.64M in 2018Q2, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 987,008 shares in the quarter, leaving it with 16.70M shares, and cut its stake in Qualcomm Inc (NASDAQ:QCOM).

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. As per Thursday, June 21, the company rating was downgraded by JP Morgan. On Friday, July 27 the stock rating was maintained by JMP Securities with “Market Outperform”. The firm has “Equal-Weight” rating given on Friday, July 27 by Morgan Stanley. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Hold” rating by Zelman on Friday, April 20. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Sell” rating given on Friday, April 27 by Compass Point. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, July 27. The rating was downgraded by Wedbush to “Underperform” on Thursday, April 12. The firm earned “Hold” rating on Thursday, June 21 by J.P. Morgan. Bank of America downgraded the stock to “Neutral” rating in Monday, April 16 report.

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 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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