Latest Stocks: Strs Ohio Has $411,000 Stake in Ellie Mae Inc (ELLI)

Latest Stocks: Strs Ohio Has $411,000 Stake in Ellie Mae Inc (ELLI)

Strs Ohio boosted its stake in shares of Ellie Mae Inc (NASDAQ:ELLI) by 36.7% during the first quarter, Holdings Channel reports. The institutional investor owned 4,100 shares of the software maker’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Ellie Mae were worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hermes Investment Management Ltd. increased its stake in Ellie Mae by 2.5% in the first quarter. Hermes Investment Management Ltd. now owns 189,166 shares of the software maker’s stock worth $18,968,000 after buying an additional 4,606 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Ellie Mae during the first quarter worth $351,000. Merriman Wealth Management LLC increased its stake in Ellie Mae by 17.8% in the first quarter. Merriman Wealth Management LLC now owns 70,586 shares of the software maker’s stock worth $7,078,000 after buying an additional 10,666 shares in the last quarter. Creative Planning increased its stake in Ellie Mae by 31.0% in the first quarter. Creative Planning now owns 2,989 shares of the software maker’s stock worth $300,000 after buying an additional 707 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Ellie Mae by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 72,934 shares of the software maker’s stock worth $6,103,000 after buying an additional 3,054 shares in the last quarter.

Shares of Ellie Mae Inc (NASDAQ:ELLI) opened at 112.70 on Tuesday. The stock has a market capitalization of $3.84 billion and a price-to-earnings ratio of 85.25. The stock’s 50 day moving average price is $107.93 and its 200 day moving average price is $94.97. Ellie Mae Inc has a 12 month low of $77.60 and a 12 month high of $114.38.

Ellie Mae (NASDAQ:ELLI) last announced its quarterly earnings results on Thursday, April 27th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $93 million during the quarter, compared to analysts’ expectations of $93.17 million. Ellie Mae’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Analysts expect that Ellie Mae Inc will post $1.91 EPS for the current year.

ELLI has been the subject of a number of recent analyst reports. Vetr downgraded shares of Ellie Mae from a “strong-buy” rating to a “buy” rating and set a $97.50 target price for the company. in a research report on Monday, February 6th. Needham & Company LLC restated a “buy” rating and set a $135.00 price target on shares of Ellie Mae in a report on Friday, February 10th. Zacks Investment Research cut Ellie Mae from a “hold” rating to a “sell” rating in a report on Thursday, February 16th. Wedbush assumed coverage on Ellie Mae in a report on Monday, March 13th. They set a “neutral” rating and a $109.00 price target on the stock. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Ellie Mae in a report on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $113.88.

In other news, Director Robert J. Levin sold 966 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $109.73, for a total transaction of $105,999.18. Following the transaction, the director now directly owns 11,252 shares of the company’s stock, valued at $1,234,681.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sigmund Anderman sold 53,431 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $98.04, for a total value of $5,238,375.24. Following the transaction, the insider now directly owns 120,509 shares in the company, valued at $11,814,702.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,596 shares of company stock worth $10,101,047. Ellie Mae Company Profile

Want to see what other hedge funds are holding ELLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellie Mae Inc (NASDAQ:ELLI). Receive News & Ratings for Ellie Mae Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ellie Mae Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding ELLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellie Mae Inc (NASDAQ:ELLI).

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