Koch Industries Inc. bought a new stake in Aerohive Networks Inc (NYSE:HIVE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 20,902 shares of the communications equipment provider’s stock, valued at approximately $122,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Aerohive Networks by 31.4% in the fourth quarter. BlackRock Inc. now owns 2,048,985 shares of the communications equipment provider’s stock valued at $11,945,000 after purchasing an additional 489,227 shares during the last quarter. Yiheng Capital LLC raised its position in Aerohive Networks by 56.9% in the third quarter. Yiheng Capital LLC now owns 1,863,083 shares of the communications equipment provider’s stock valued at $7,620,000 after purchasing an additional 675,814 shares during the last quarter. Russell Investments Group Ltd. raised its position in Aerohive Networks by 51.6% in the third quarter. Russell Investments Group Ltd. now owns 1,601,790 shares of the communications equipment provider’s stock valued at $6,551,000 after purchasing an additional 544,890 shares during the last quarter. Royce & Associates LP raised its position in Aerohive Networks by 35.5% in the fourth quarter. Royce & Associates LP now owns 1,363,978 shares of the communications equipment provider’s stock valued at $7,952,000 after purchasing an additional 357,678 shares during the last quarter. Finally, Granahan Investment Management Inc. MA raised its position in Aerohive Networks by 10.4% in the third quarter. Granahan Investment Management Inc. MA now owns 1,213,714 shares of the communications equipment provider’s stock valued at $4,964,000 after purchasing an additional 114,355 shares during the last quarter. Hedge funds and other institutional investors own 46.75% of the company’s stock.

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Several research firms have commented on HIVE. Zacks Investment Research downgraded Aerohive Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Dougherty & Co downgraded Aerohive Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Pi Financial decreased their price target on Aerohive Networks from $5.25 to $4.50 in a research note on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.90.

Shares of Aerohive Networks stock opened at $4.40 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.99 and a debt-to-equity ratio of 0.91. Aerohive Networks Inc has a one year low of $3.02 and a one year high of $6.50.

Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) earnings per share for the quarter. The company had revenue of $37.20 million during the quarter, compared to analyst estimates of $37.04 million. Aerohive Networks had a negative net margin of 14.99% and a negative return on equity of 94.14%. The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. research analysts predict that Aerohive Networks Inc will post -0.31 EPS for the current fiscal year.

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Aerohive Networks Company Profile

Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

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

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