Menta Capital LLC lowered its position in Aerohive Networks Inc (NYSE:HIVE) by 42.6% in the 2nd quarter, Holdings Channel reports. The firm owned 78,251 shares of the communications equipment provider’s stock after selling 58,101 shares during the quarter. Menta Capital LLC’s holdings in Aerohive Networks were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIVE. BNP Paribas Arbitrage SA increased its holdings in Aerohive Networks by 57,258.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,883 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 6,871 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Aerohive Networks during the second quarter valued at approximately $64,000. O Shaughnessy Asset Management LLC purchased a new position in Aerohive Networks during the first quarter valued at approximately $84,000. Gamco Investors INC. ET AL purchased a new position in Aerohive Networks during the second quarter valued at approximately $86,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Aerohive Networks during the first quarter valued at approximately $96,000. 62.75% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on HIVE. Zacks Investment Research raised shares of Aerohive Networks from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. ValuEngine raised shares of Aerohive Networks from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Craig Hallum lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.

HIVE stock remained flat at $$4.44 during trading on Friday. The firm has a market capitalization of $254.95 million, a PE ratio of -15.31 and a beta of 1.32. The firm has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $4.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.75 and a current ratio of 1.97. Aerohive Networks Inc has a one year low of $3.12 and a one year high of $5.18.

About Aerohive Networks

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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