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

August 12, 2018 - By Theresa Judd

Ellie Mae, Inc. (NYSE:ELLI) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.14, from 0.99 in 2017Q4. It dropped, 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. Brown Advisory holds 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 5,430 shares. Sylebra Hk holds 1.12 million shares. Mitsubishi Ufj Tru And Banking Corp invested in 274,640 shares or 0.04% of the stock. Wealthtrust invested in 168 shares. Parametric Port Ltd, a Washington-based fund reported 26,232 shares. Ameritas Invest Partners Inc owns 0.01% invested in Ellie Mae, Inc. (NYSE:ELLI) for 2,860 shares. New York-based Echo Street Capital Management Llc has invested 0.06% in Ellie Mae, Inc. (NYSE:ELLI). Millennium Mgmt Limited Liability Company owns 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 3,211 shares. Fifth Third Financial Bank owns 761 shares. Captrust Fincl holds 0% or 578 shares in its portfolio. Tekne Cap Mgmt Ltd Limited Liability Company, a New York-based fund reported 322,033 shares. Envestnet Asset Management accumulated 0% or 6,934 shares. 3,357 were reported by Employees Retirement Association Of Colorado. Prescott Gru Mgmt Ltd Liability Co holds 0.41% in Ellie Mae, Inc. (NYSE:ELLI) or 20,421 shares. New York-based Metropolitan Life Insurance New York has invested 0% in Ellie Mae, Inc. (NYSE:ELLI).

Since February 15, 2018, it had 0 insider purchases, and 49 selling transactions for $12.11 million activity. SCHREINER GATES CATHLEEN had sold 2,817 shares worth $251,333 on Thursday, February 15. Shares for $124,980 were sold by LaVay Matthew on Tuesday, May 15. $67,088 worth of Ellie Mae, Inc. (NYSE:ELLI) shares were sold by HIRSCH PETER. Corr Jonathan had sold 589 shares worth $55,326 on Monday, March 12. Shares for $96,897 were sold by Levinson Marina on Friday, May 18. 996 shares valued at $101,085 were sold by TYRRELL JOSEPH P. on Tuesday, May 15.

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 $71.35M, 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 Automatic Data Processing (NASDAQ:ADP) by 103,146 shares to 1.70 million shares, valued at $227.78M in 2018Q2, according to the filing. It also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 917,900 shares in the quarter, leaving it with 12.75 million shares, and cut its stake in Microsoft Corporation (NASDAQ:MSFT).

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

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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