Aerohive Networks Inc (HIVE) Shares Bought by Spark Investment Management LLC

Spark Investment Management LLC lifted its stake in Aerohive Networks Inc (NYSE:HIVE) by 3.0% in the first quarter, HoldingsChannel reports. The firm owned 336,700 shares of the communications equipment provider’s stock after acquiring an additional 9,801 shares during the quarter. Spark Investment Management LLC’s holdings in Aerohive Networks were worth $1,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HIVE. Assenagon Asset Management S.A. purchased a new stake in shares of Aerohive Networks in the first quarter worth approximately $2,825,000. JPMorgan Chase & Co. lifted its position in shares of Aerohive Networks by 213.8% in the third quarter. JPMorgan Chase & Co. now owns 363,770 shares of the communications equipment provider’s stock worth $1,499,000 after purchasing an additional 247,850 shares in the last quarter. Alambic Investment Management L.P. lifted its position in shares of Aerohive Networks by 157.2% in the fourth quarter. Alambic Investment Management L.P. now owns 253,042 shares of the communications equipment provider’s stock worth $825,000 after purchasing an additional 154,641 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Aerohive Networks by 8.9% in the third quarter. Vanguard Group Inc now owns 1,637,611 shares of the communications equipment provider’s stock worth $6,747,000 after purchasing an additional 133,714 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Aerohive Networks by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,637,611 shares of the communications equipment provider’s stock worth $6,747,000 after purchasing an additional 133,714 shares in the last quarter. 59.09% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Alan Amrod sold 40,555 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $4.34, for a total transaction of $176,008.70. Following the transaction, the senior vice president now owns 276,606 shares of the company’s stock, valued at $1,200,470.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stephen Debenham sold 12,960 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $4.73, for a total transaction of $61,300.80. Following the transaction, the vice president now directly owns 289,838 shares in the company, valued at approximately $1,370,933.74. The disclosure for this sale can be found here. 9.44% of the stock is currently owned by company insiders.

HIVE traded down $0.03 during midday trading on Tuesday, hitting $3.40. 2,081 shares of the company’s stock traded hands, compared to its average volume of 304,848. The firm has a market cap of $194.36 million, a PE ratio of -11.72 and a beta of 1.16. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.77 and a current ratio of 2.03. Aerohive Networks Inc has a one year low of $3.19 and a one year high of $5.18.

A number of analysts have recently issued reports on HIVE shares. ValuEngine raised shares of Aerohive Networks from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research raised shares of Aerohive Networks from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Wednesday, February 13th. Finally, Dougherty & Co reissued a “neutral” rating on shares of Aerohive Networks in a research report on Thursday, February 7th.

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Aerohive Networks Company Profile

Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.

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Institutional Ownership by Quarter for Aerohive Networks (NYSE:HIVE)

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