Dynamic Technology Lab Private Ltd Invests $201,000 in Aerohive Networks, Inc. (HIVE) Stock

Dynamic Technology Lab Private Ltd purchased a new position in Aerohive Networks, Inc. (NYSE:HIVE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,263 shares of the communications equipment provider’s stock, valued at approximately $201,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Aerohive Networks at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Yiheng Capital LLC grew its position in Aerohive Networks by 25.8% in the 2nd quarter. Yiheng Capital LLC now owns 1,187,269 shares of the communications equipment provider’s stock worth $5,936,000 after purchasing an additional 243,788 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Aerohive Networks by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,137,451 shares of the communications equipment provider’s stock valued at $5,687,000 after acquiring an additional 180,794 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Aerohive Networks by 33.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,056,900 shares of the communications equipment provider’s stock valued at $5,284,000 after purchasing an additional 263,879 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in Aerohive Networks during the 2nd quarter valued at about $2,487,000. Finally, Marshall Wace North America L.P. bought a new position in Aerohive Networks during the 2nd quarter valued at about $2,041,000. Institutional investors own 44.72% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Dynamic Technology Lab Private Ltd Invests $201,000 in Aerohive Networks, Inc. (HIVE) Stock” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.com-unik.info/2017/11/03/dynamic-technology-lab-private-ltd-invests-201000-in-aerohive-networks-inc-hive-stock.html.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Aerohive Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Craig Hallum began coverage on shares of Aerohive Networks in a research note on Tuesday, October 17th. They set a “buy” rating and a $6.00 price target for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.31.

Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $37.07 million for the quarter, compared to the consensus estimate of $38.41 million. Aerohive Networks had a negative net margin of 17.00% and a negative return on equity of 98.88%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) EPS.

Aerohive Networks announced that its board has approved a share buyback program on Wednesday, November 1st that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Aerohive Networks 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.

Want to see what other hedge funds are holding HIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerohive Networks, Inc. (NYSE:HIVE).

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

What are top analysts saying about Aerohive Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aerohive Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit