American Century Companies Inc. decreased its stake in shares of Aerohive Networks Inc (NYSE:HIVE) by 45.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,199 shares of the communications equipment provider’s stock after selling 70,411 shares during the quarter. American Century Companies Inc. owned about 0.15% of Aerohive Networks worth $334,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in HIVE. Paradigm Capital Management Inc. NY acquired a new stake in Aerohive Networks in the 2nd quarter valued at $4,183,000. Balter Liquid Alternatives LLC acquired a new stake in Aerohive Networks in the 2nd quarter valued at $157,000. Strs Ohio increased its holdings in Aerohive Networks by 711.5% in the 2nd quarter. Strs Ohio now owns 70,600 shares of the communications equipment provider’s stock valued at $280,000 after purchasing an additional 61,900 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Aerohive Networks in the 2nd quarter valued at $151,000. Finally, Acadian Asset Management LLC acquired a new stake in Aerohive Networks in the 2nd quarter valued at $243,000. Hedge funds and other institutional investors own 47.61% of the company’s stock.
NYSE HIVE traded down $0.03 during trading hours on Friday, hitting $4.07. The company had a trading volume of 174,459 shares, compared to its average volume of 329,741. Aerohive Networks Inc has a fifty-two week low of $3.55 and a fifty-two week high of $6.50. The company has a market cap of $227.93 million, a P/E ratio of -9.93 and a beta of 1.16.
Aerohive Networks (NYSE:HIVE) last announced its quarterly earnings results on Wednesday, August 1st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Aerohive Networks had a negative return on equity of 94.49% and a negative net margin of 13.41%. The firm had revenue of $40.48 million during the quarter. As a group, equities analysts predict that Aerohive Networks Inc will post -0.28 earnings per share for the current fiscal year.
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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