Filing Worth Watching: Aerohive Networks, Inc Has Another Bullish Trade, Discovery Group I Bought Stake!

Filing Worth Watching: Aerohive Networks, Inc Has Another Bullish Trade, Discovery Group I Bought Stake!

The New Discovery Group I Holding in Aerohive Networks, Inc

Discovery Group I filed with the SEC SC 13D/A form for Aerohive Networks, Inc. The form can be accessed here: 000157104916019947. As reported in Discovery Group I’s form, the filler as of late owns 9.1% or 4,673,981 shares of the Information Technology–company.

Aerohive Networks, Inc stake is a new one for the and it was filed because of activity on November 10, 2016. We feel this shows Discovery Group I’s positive view for the stock.

Reasons Why Discovery Group I Bought – Aerohive Networks, Inc Stock

Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended to read in its entirety a follows:

The Reporting Persons acquired beneficial ownership of the securities reported herein for investment purposes.

On November 10 and November 14, 2016, the Reporting Persons engaged in discussions with members of the Company’s management regarding various matters relating to the Company, including its business, operations, management, corporate governance, executive compensation and strategic plans. The Reporting Persons discussed with the Company potential approaches to maximize shareholder value and the possibility of adding new independent directors and making changes to its charter documents to provide for the annual election of all directors by majority vote. The Company, however, did not make any commitment to take any specific action.

The Reporting Persons intend to engage in further communications with members of the Company’s management and Board, and possibly with other shareholders and interested parties, with respect to the above matters and other matters the Reporting Persons deem relevant from time to time. Such matters are likely to include plans or proposals specified in clauses (a) through (j) of Item 4 of Schedule 13D, but the Reporting Persons may not pursue any such plan or proposal.

The Reporting Persons intend to review their investments in the Company on an ongoing basis.Depending on various factors, including, without limitation, the Company’s financial position and strategic direction, actions taken by the Board, price levels of shares of the Common Stock, other investment opportunities available to the Reporting Persons, concentration of positions in the portfolios managed by the Reporting Persons, tax considerations, market conditions and general economic and industry conditions, the Reporting Persons may take such actions with respect to their investments in the Company as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or other financial instruments related to the Company or selling some or all of their beneficial or economic holdings, engaging in hedging or similar transactions with respect to the securities relating to the Company and/or otherwise changing their intention with respect to any or all of the matters referred to in Item 4 of Schedule 13D.

Aerohive Networks, Inc Institutional Sentiment

Latest Security and Exchange filings show 56 investors own Aerohive Networks, Inc. The institutional ownership in Q3 2015 is high, at 44.08% of the outstanding shares. This is increased by 6747627 the total institutional shares. 22579474 were the shares owned by these institutional investors. In total 7 funds opened new Aerohive Networks, Inc stakes, 23 increased stakes. There were 8 that closed positions and 18 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Murphy Michael R, Institutional Venture Management Xiii Llc..

Nelson Roberts Investment Advisors Llc is an institutional investor bullish on Aerohive Networks, Inc, owning 18785 shares as of Q3 2015 for 0.04% of its portfolio. Andrew Grossman And Michael Levitt Lg Capital Management Lp owns 497045 shares or 1.37% of its portfolio. CA Institutional Venture Management Xiii Llc have 4.81% of their stock portfolio for 1107794 shares. Further, Nea Management Company Llc reported stake worth 1.84% of its US stock portfolio. The IL Murphy Michael R owns 3719359 shares. Aerohive Networks, Inc is 7.64% of the manager’s US portfolio.

Business Profile

Aerohive Networks, Inc., together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. The Company conducts its business in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). Its product portfolio includes hardware products, cloud-based network management and applications, and support services. Its hardware products include access points, branch routers and access switches. Its hardware products are developed by its hardware design team working in conjunction with original design manufacturer (ODM) partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.6 in Q2 2016. Its down 1.32, from 2.92 in 2016Q1. The ratio dived, as 6 funds sold all Aerohive Networks Inc shares owned while 14 reduced positions. 11 funds bought stakes while 21 increased positions. They now own 18.48 million shares or 1.96% more from 18.12 million shares in 2016Q1.

Morgan Stanley accumulated 66,279 shares or 0% of the stock. Geode Mgmt Ltd Liability accumulated 0% or 142,763 shares. California Pub Employees Retirement System holds 0% or 190,900 shares in its portfolio. Rhumbline Advisers has 0% invested in the company for 22,091 shares. Institutional Venture Mgmt Xiii Ltd Liability Com accumulated 1.11M shares or 5.53% of the stock. Invesco holds 0% or 14,700 shares in its portfolio. Moreover, Credit Suisse Ag has 0% invested in Aerohive Networks Inc (NYSE:HIVE) for 18,078 shares. Strs Ohio owns 26,600 shares or 0% of their US portfolio. State Street last reported 324,760 shares in the company. Royal Bancorporation Of Canada has 4,000 shares for 0% of their US portfolio. Barclays Public Ltd accumulated 0% or 7 shares. Fincl Bank Of Montreal Can holds 0% or 2,000 shares in its portfolio. The New Jersey-based Jacobs Levy Equity Mgmt has invested 0.01% in Aerohive Networks Inc (NYSE:HIVE). Moreover, Deutsche Retail Bank Ag has 0% invested in Aerohive Networks Inc (NYSE:HIVE) for 59,314 shares. Schwab Charles Mgmt holds 0% of its portfolio in Aerohive Networks Inc (NYSE:HIVE) for 62,437 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 2 selling transactions for $71,105 net activity. $19,005 worth of Aerohive Networks Inc (NYSE:HIVE) shares were sold by Liu Changming. Papaefstathiou Efstathios sold $52,100 worth of stock or 10,000 shares.

The stock increased 2.96% or $0.16 during the last trading session, hitting $5.57. Aerohive Networks Inc (NYSE:HIVE) has declined 6.54% since April 15, 2016 and is downtrending. It has underperformed by 11.17% the S&P500.

Aerohive Networks, Inc., together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The company has a market cap of $283.70 million. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity Connectivity and Application and Insights. It currently has negative earnings. The Firm conducts its business in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC).

Aerohive Networks Inc (NYSE:HIVE) Ratings Coverage

Out of 5 analysts covering Aerohive Networks (NYSE:HIVE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $10 is the highest target while $5 is the lowest. The $7.20 average target is 29.26% above today’s ($5.57) stock price. Aerohive Networks has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wunderlich downgraded Aerohive Networks Inc (NYSE:HIVE) on Friday, October 14 to “Hold” rating. Buckingham Research downgraded Aerohive Networks Inc (NYSE:HIVE) on Friday, October 14 to “Neutral” rating. The company was downgraded on Wednesday, August 26 by Bank of America. The firm has “Buy” rating given on Thursday, February 4 by Buckingham Research. Dougherty & Company maintained it with “Buy” rating and $10 target price in Thursday, August 6 report. The firm has “Buy” rating by Wunderlich given on Wednesday, June 8.

More important recent Aerohive Networks Inc (NYSE:HIVE) news were published by: Marketwatch.com which released: “Aerohive Networks started at buy with $8 stock price target at Wunderlich …” on March 26, 2014, also Reuters.com published article titled: “BUZZ-Aerohive Networks Inc: Six-month low as revenue estimates miss”, Marketwatch.com published: “Aerohive Networks shares fall more than 20% on weak outlook” on October 13, 2016. More interesting news about Aerohive Networks Inc (NYSE:HIVE) was released by: Quotes.Wsj.com and their article: “News Aerohive Networks Inc.HIVE” with publication date: March 28, 2014.

According to Zacks Investment Research, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California.”

HIVE Company Profile

Aerohive Networks, Inc., incorporated on March 15, 2006, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around primary sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. The Firm conducts its business in geographic regions, including Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s product portfolio includes hardware products, cloud network management and applications, and support services. The Company’s hardware products include access points, branch routers and access switches. The Company’s hardware products are developed by its hardware design team working in conjunction with original design maker (ODM) partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips. All of the Company’s hardware products run on its HiveOS operating system, which provides the foundation for its networking platform. It sells access switches and branch routers in conjunction with a sale of Wi-Fi access points and also offers Wi-Fi access points for use with other makes access switches.

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