Modera Wealth Management LLC Takes Position in Aerohive Networks, Inc. (HIVE)

Modera Wealth Management LLC purchased a new position in shares of Aerohive Networks, Inc. (NYSE:HIVE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,836 shares of the communications equipment provider’s stock, valued at approximately $229,000. Modera Wealth Management LLC owned approximately 0.09% of Aerohive Networks at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new stake in Aerohive Networks during the 2nd quarter worth about $100,000. Citadel Advisors LLC purchased a new stake in Aerohive Networks during the 1st quarter worth about $108,000. Goldman Sachs Group Inc. lifted its holdings in Aerohive Networks by 18.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,294 shares of the communications equipment provider’s stock worth $111,000 after purchasing an additional 4,074 shares in the last quarter. Trexquant Investment LP purchased a new stake in Aerohive Networks during the 1st quarter worth about $121,000. Finally, Rhumbline Advisers increased its stake in Aerohive Networks by 23.8% in the 2nd quarter. Rhumbline Advisers now owns 31,530 shares of the communications equipment provider’s stock worth $158,000 after acquiring an additional 6,061 shares during the last quarter. Hedge funds and other institutional investors own 44.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Modera Wealth Management LLC Takes Position in Aerohive Networks, Inc. (HIVE)” was published by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/modera-wealth-management-llc-buys-new-position-in-aerohive-networks-inc-hive/1602902.html.

HIVE has been the topic of several recent research reports. ValuEngine lowered Aerohive Networks from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 6th. Zacks Investment Research cut Aerohive Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub cut Aerohive Networks from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $9.00 price objective on shares of Aerohive Networks in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.87.

Shares of Aerohive Networks, Inc. (NYSE HIVE) traded down 1.56% during mid-day trading on Friday, hitting $3.79. The company had a trading volume of 109,713 shares. Aerohive Networks, Inc. has a 1-year low of $3.02 and a 1-year high of $6.35. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $4.29. The company’s market capitalization is $165.27 million.

Aerohive Networks (NYSE:HIVE) last released its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $42.30 million for the quarter, compared to analyst estimates of $43.11 million. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) earnings per share. On average, equities analysts anticipate that Aerohive Networks, Inc. will post ($0.14) EPS for the current year.

Aerohive Networks Company 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.

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

Receive News & Ratings for Aerohive Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerohive Networks Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.