Ellie Mae Inc (ELLI) Shares Bought by Amundi Pioneer Asset Management Inc.

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Amundi Pioneer Asset Management Inc. grew its stake in shares of Ellie Mae Inc (NYSE:ELLI) by 54.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,130 shares of the software maker’s stock after purchasing an additional 81,500 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.67% of Ellie Mae worth $21,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ELLI. Brown Capital Management LLC increased its holdings in shares of Ellie Mae by 11.9% in the 4th quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock valued at $248,113,000 after acquiring an additional 295,702 shares during the period. BlackRock Inc. increased its holdings in shares of Ellie Mae by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,263,231 shares of the software maker’s stock valued at $208,081,000 after acquiring an additional 18,511 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Ellie Mae by 15.3% in the 1st quarter. Baillie Gifford & Co. now owns 967,537 shares of the software maker’s stock valued at $88,955,000 after acquiring an additional 128,165 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Ellie Mae by 4.3% in the 1st quarter. Van Berkom & Associates Inc. now owns 714,412 shares of the software maker’s stock valued at $65,683,000 after acquiring an additional 29,351 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Ellie Mae by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 703,931 shares of the software maker’s stock valued at $64,719,000 after acquiring an additional 5,081 shares during the period.

ELLI has been the topic of a number of recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $120.00 target price on shares of Ellie Mae in a report on Wednesday, March 21st. Zelman & Associates raised shares of Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Bank of America cut shares of Ellie Mae from a “buy” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research note on Monday, April 16th. JPMorgan Chase & Co. cut shares of Ellie Mae from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $118.00 in a research note on Thursday. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price objective on shares of Ellie Mae to $125.00 and gave the company an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $103.33.

In other Ellie Mae news, Director Carl Buccellato sold 5,666 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $91.16, for a total transaction of $516,512.56. Following the sale, the director now directly owns 24,412 shares in the company, valued at approximately $2,225,397.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian E. Brown sold 465 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $91.95, for a total transaction of $42,756.75. Following the sale, the executive vice president now owns 17,708 shares in the company, valued at $1,628,250.60. The disclosure for this sale can be found here. Insiders have sold a total of 43,071 shares of company stock worth $4,418,491 over the last 90 days. Insiders own 3.14% of the company’s stock.

Shares of Ellie Mae opened at $110.59 on Friday, according to Marketbeat Ratings. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 107.37, a PEG ratio of 7.50 and a beta of 0.58. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $116.90.

Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.09 by $0.25. The company had revenue of $117.91 million for the quarter, compared to analyst estimates of $108.80 million. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. equities research analysts anticipate that Ellie Mae Inc will post 0.86 earnings per share for the current fiscal year.

About Ellie Mae

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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

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