Sqn Investors Lp buys $20,442,334 stake in Aerohive Networks Inc (HIVE)

Aerohive Networks Inc (HIVE) : Sqn Investors Lp scooped up 726,470 additional shares in Aerohive Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,979,932 shares of Aerohive Networks Inc which is valued at $20,442,334.Aerohive Networks Inc makes up approximately 11.91% of Sqn Investors Lp’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in HIVE during the most recent quarter. The investment firm sold 900 shares of HIVE which is valued $6,174.Blackrock Advisors reduced its stake in HIVE by selling 1,271 shares or 15.85% in the most recent quarter. The Hedge Fund company now holds 6,750 shares of HIVE which is valued at $46,305.Blackrock Fund Advisors reduced its stake in HIVE by selling 9,730 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 622,491 shares of HIVE which is valued at $4,270,288. Boston Partners added HIVE to its portfolio by purchasing 484,417 company shares during the most recent quarter which is valued at $3,294,036.

Aerohive Networks Inc closed down -0.05 points or -0.75% at $6.58 with 73,762 shares getting traded on Thursday. Post opening the session at $6.61, the shares hit an intraday low of $6.47 and an intraday high of $6.61 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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