GSA Capital Partners LLP lowered its position in Aerohive Networks Inc (NYSE:HIVE) by 73.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,700 shares of the communications equipment provider’s stock after selling 111,300 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Aerohive Networks worth $129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HIVE. Oregon Public Employees Retirement Fund bought a new position in shares of Aerohive Networks in the fourth quarter worth about $30,000. SG Americas Securities LLC bought a new position in shares of Aerohive Networks in the fourth quarter worth about $68,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Aerohive Networks in the fourth quarter worth about $68,000. Jefferies Group LLC bought a new position in shares of Aerohive Networks in the third quarter worth about $117,000. Finally, Rhumbline Advisers grew its holdings in shares of Aerohive Networks by 51.3% in the fourth quarter. Rhumbline Advisers now owns 42,443 shares of the communications equipment provider’s stock worth $138,000 after purchasing an additional 14,394 shares during the last quarter. 59.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Stephen Debenham sold 12,960 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $4.73, for a total value of $61,300.80. Following the sale, the vice president now directly owns 289,838 shares in the company, valued at approximately $1,370,933.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alan Amrod sold 40,555 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $4.34, for a total transaction of $176,008.70. Following the completion of the sale, the senior vice president now owns 276,606 shares in the company, valued at $1,200,470.04. The disclosure for this sale can be found here. Insiders sold a total of 54,306 shares of company stock worth $240,426 over the last 90 days. Company insiders own 26.13% of the company’s stock.

HIVE has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Aerohive Networks from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Wednesday, January 16th. Dougherty & Co reiterated a “neutral” rating on shares of Aerohive Networks in a report on Thursday, February 7th. Finally, ValuEngine upgraded shares of Aerohive Networks from a “hold” rating to a “buy” rating in a report on Thursday, February 28th.

Shares of Aerohive Networks stock opened at $4.42 on Wednesday. Aerohive Networks Inc has a 1 year low of $3.19 and a 1 year high of $5.18. The stock has a market cap of $246.95 million, a price-to-earnings ratio of -15.24 and a beta of 1.32.

Aerohive Networks (NYSE:HIVE) last issued its earnings results on Wednesday, February 6th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Aerohive Networks had a negative net margin of 11.84% and a negative return on equity of 78.97%. The company had revenue of $38.12 million for the quarter, compared to analysts’ expectations of $39.00 million. On average, equities analysts anticipate that Aerohive Networks Inc will post -0.19 earnings per share for the current year.

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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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