Vanguard Group Inc. grew its position in Aerohive Networks, Inc. (NYSE:HIVE) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,137,451 shares of the communications equipment provider’s stock after purchasing an additional 180,794 shares during the period. Vanguard Group Inc. owned approximately 2.11% of Aerohive Networks worth $5,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in shares of Aerohive Networks by 31.6% in the second quarter. Northern Trust Corp now owns 347,712 shares of the communications equipment provider’s stock valued at $1,738,000 after acquiring an additional 83,395 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Aerohive Networks in the second quarter valued at approximately $1,133,000. Menta Capital LLC bought a new position in shares of Aerohive Networks in the second quarter valued at approximately $523,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Aerohive Networks by 175.9% in the second quarter. TIAA CREF Investment Management LLC now owns 167,926 shares of the communications equipment provider’s stock valued at $840,000 after acquiring an additional 107,072 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Aerohive Networks by 156.5% in the second quarter. Teachers Advisors LLC now owns 98,910 shares of the communications equipment provider’s stock valued at $495,000 after acquiring an additional 60,350 shares in the last quarter. Hedge funds and other institutional investors own 46.25% of the company’s stock.

Shares of Aerohive Networks, Inc. (NYSE:HIVE) traded up $0.08 during trading hours on Thursday, reaching $5.41. 588,000 shares of the company were exchanged, compared to its average volume of 352,734. Aerohive Networks, Inc. has a 1 year low of $3.02 and a 1 year high of $6.14. The company has a quick ratio of 1.95, a current ratio of 2.19 and a debt-to-equity ratio of 0.94.

Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The business had revenue of $37.07 million during 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 103.45%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) EPS. sell-side analysts anticipate that Aerohive Networks, Inc. will post -0.43 EPS for the current year.

A number of analysts recently weighed in on HIVE shares. ValuEngine upgraded shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Aerohive Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Craig Hallum started coverage on shares of Aerohive Networks in a report on Tuesday, October 17th. They set a “buy” rating and a $6.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Aerohive Networks currently has an average rating of “Hold” and a consensus price target of $6.05.

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About Aerohive Networks

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.

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

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