Adams Street Partners Exits Position in Aerohive Networks Inc (HIVE)

Aerohive Networks Inc (HIVE) : Adams Street Partners has sold out all of its stake in Aerohive Networks Inc during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 21,239 shares of Aerohive Networks Inc which is valued at $145,700.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in HIVE in the latest quarter, The investment management firm added 36,768 additional shares and now holds a total of 342,910 shares of Aerohive Networks Inc which is valued at $2,352,363.Mutual Of America Capital Management boosted its stake in HIVE in the latest quarter, The investment management firm added 163,393 additional shares and now holds a total of 473,729 shares of Aerohive Networks Inc which is valued at $3,472,434. Aerohive Networks Inc makes up approx 0.07% of Mutual Of America Capital Management’s portfolio. Diam Ltd. added HIVE to its portfolio by purchasing 24,600 company shares during the most recent quarter which is valued at $180,318.Strs Ohio boosted its stake in HIVE in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 26,600 shares of Aerohive Networks Inc which is valued at $194,446. Cutler Group Lp added HIVE to its portfolio by purchasing 11,713 company shares during the most recent quarter which is valued at $81,874. Aerohive Networks Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

Aerohive Networks Inc closed down -0.01 points or -0.15% at $6.82 with 77,492 shares getting traded on Friday. Post opening the session at $6.79, the shares hit an intraday low of $6.75 and an intraday high of $6.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Aerohive Networks Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.06. The company had revenue of $47.63 million for the quarter, compared to analysts expectations of $47.42 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on Aerohive Networks Inc. Wunderlich Initiated Aerohive Networks Inc on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $8.

Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.

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