California Public Employees Retirement System maintained its stake in shares of Aerohive Networks, Inc. (NYSE:HIVE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,900 shares of the communications equipment provider’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Aerohive Networks were worth $804,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Boston Partners raised its stake in shares of Aerohive Networks by 29.0% in the first quarter. Boston Partners now owns 2,602,810 shares of the communications equipment provider’s stock valued at $10,958,000 after buying an additional 585,565 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Aerohive Networks by 36.7% in the first quarter. Russell Investments Group Ltd. now owns 793,021 shares of the communications equipment provider’s stock valued at $3,339,000 after buying an additional 212,899 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Aerohive Networks by 8.0% in the first quarter. Mutual of America Capital Management LLC now owns 680,519 shares of the communications equipment provider’s stock valued at $2,865,000 after buying an additional 50,323 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Aerohive Networks during the first quarter valued at approximately $632,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Aerohive Networks by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 109,437 shares of the communications equipment provider’s stock valued at $461,000 after buying an additional 948 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Shares of Aerohive Networks, Inc. (HIVE) remained flat at $3.54 during midday trading on Wednesday. The stock had a trading volume of 36,184 shares. The company’s market capitalization is $154.37 million. Aerohive Networks, Inc. has a 1-year low of $3.02 and a 1-year high of $7.00. The company has a 50-day moving average of $4.46 and a 200-day moving average of $4.54.

Aerohive Networks (NYSE:HIVE) last announced its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Aerohive Networks had a negative return on equity of 107.93% and a negative net margin of 18.58%. The business had revenue of $42.30 million during the quarter, compared to analyst estimates of $43.11 million. During the same period last year, the company earned ($0.02) earnings per share. Aerohive Networks’s quarterly revenue was down 11.2% compared to the same quarter last year. Analysts expect that Aerohive Networks, Inc. will post ($0.14) EPS for the current fiscal year.

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HIVE has been the subject of several research analyst reports. Wunderlich upgraded Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Thursday, May 4th. BidaskClub lowered Aerohive Networks from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Monday, May 22nd. Finally, DA Davidson restated a “buy” rating and set a $9.00 price target on shares of Aerohive Networks in a research note on Friday, May 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.87.

About Aerohive Networks

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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