Oregon Public Employees Retirement Fund Purchases New Holdings in Aerohive Networks Inc (NYSE:HIVE)

Oregon Public Employees Retirement Fund purchased a new stake in Aerohive Networks Inc (NYSE:HIVE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,557 shares of the communications equipment provider’s stock, valued at approximately $64,000.

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in Aerohive Networks by 57,258.3% in the 1st 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. O Shaughnessy Asset Management LLC bought a new stake in Aerohive Networks in the 1st quarter valued at $84,000. Campbell & CO Investment Adviser LLC bought a new stake in Aerohive Networks in the 1st quarter valued at $96,000. Bank of Montreal Can lifted its holdings in shares of Aerohive Networks by 7,381.9% during the 1st quarter. Bank of Montreal Can now owns 32,322 shares of the communications equipment provider’s stock worth $146,000 after acquiring an additional 31,890 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Aerohive Networks by 33.3% during the 4th quarter. Two Sigma Advisers LP now owns 181,100 shares of the communications equipment provider’s stock worth $590,000 after acquiring an additional 45,200 shares during the period. Institutional investors and hedge funds own 62.75% of the company’s stock.

HIVE opened at $4.44 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 2.16. The firm has a market cap of $255.54 million, a PE ratio of -15.31 and a beta of 1.32. Aerohive Networks Inc has a 1-year low of $3.12 and a 1-year high of $5.18. The company has a 50-day moving average of $4.31.

Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01. Aerohive Networks had a negative net margin of 15.31% and a negative return on equity of 102.48%. The company had revenue of $33.02 million during the quarter, compared to analysts’ expectations of $33.00 million. On average, sell-side analysts expect that Aerohive Networks Inc will post -0.36 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on HIVE shares. Craig Hallum cut shares of Aerohive Networks from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Zacks Investment Research upgraded shares of Aerohive Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, ValuEngine upgraded shares of Aerohive Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

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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