According to a recent 13G filing with the US Securities and Exchange Commission, Amish Mehta‘s SQN Investors owns 2.79 million shares of Aerohive Networks Inc (NYSE:HIVE), which account for 5.6% of the company’s outstanding stock. This is significantly more compared to 1.67 million shares SQN Investors disclosed in its last 13F filing (for the end of 2015).
Aerohive Networks is a computer networking equipment company that develops cloud-managed mobile platforms for both small and large business that are in need of enterprise wireless & wifi solutions, providing their services across the Americas, Africa, Asia Pacific and the Middle East. The company’s shares have dropped by 1.79%, over the past 12 months. Aerohive Networks is expected to announce its earnings for the first quarter of 2016 later today and analysts have estimated a loss per share of $0.16 and a revenue of $39.60 million.
The number of hedge funds supporting Aerohive Networks (NYSE:HIVE) increased by one during the fourth quarter and there were 8 investors with long positions in this stock at the end of 2015. Michael Murphy and Daniel Donoghue’s Discovery Group held the most valuable position, worth around $19 million. Other investors that were bullish on this stock encompass Jim Simons’s Renaissance Technologies, D. E. Shaw’s D E Shaw, Andrew Grossman and Michael Levitt’s LG Capital Management, and Israel Englander’s Millennium Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|SQN Investors (GP)||0||2,788,372||0||2,788,372||2,788,372||5.6%|
|SQN Partners (GP)||0||2,788,372||0||2,788,372||2,788,372||5.6%|
|SQN Investors Master Fund||0||2,788,372||0||2,788,372||2,788,372||5.6%|
Page 1 of 10 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Aerohive Networks, Inc.
(Name of Issuer)
(Title of Class of Securities)
April 22, 2016
(Date of Event Which Requires Filing of this
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
 Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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