Jive Software Inc (NASDAQ:JIVE) has seen an increase in activity from the world’s largest hedge funds of late.
At the moment, there are many indicators shareholders can use to analyze their holdings. A duo of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can outperform the S&P 500 by a superb amount (see just how much).
Equally as integral, bullish insider trading sentiment is another way to break down the investments you’re interested in. There are many reasons for a bullish insider to cut shares of his or her company, but only one, very obvious reason why they would buy. Various academic studies have demonstrated the useful potential of this method if you understand where to look (learn more here).
Consequently, it’s important to take a gander at the recent action regarding Jive Software Inc (NASDAQ:JIVE).
What have hedge funds been doing with Jive Software Inc (NASDAQ:JIVE)?
Heading into Q2, a total of 16 of the hedge funds we track were bullish in this stock, a change of 45% from the previous quarter. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were boosting their stakes significantly.
When looking at the hedgies we track, Scott Fine and Peter Richards’s Empire Capital Management had the biggest position in Jive Software Inc (NASDAQ:JIVE), worth close to $52.4 million, accounting for 5% of its total 13F portfolio. The second largest stake is held by JAT Capital Management, managed by John Thaler, which held a $35.3 million position; the fund has 1.7% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Charles Clough’s Clough Capital Partners, and Paul Reeder and Edward Shapiro’s PAR Capital Management.
With a general bullishness amongst the heavyweights, key hedge funds have been driving this bullishness. JAT Capital Management, managed by John Thaler, initiated the largest position in Jive Software Inc (NASDAQ:JIVE). JAT Capital Management had 35.3 million invested in the company at the end of the quarter. Scott Fine and Peter Richards’s Empire Capital Management also made a $11.2 million investment in the stock during the quarter. The other funds with brand new JIVE positions are Brian Ashford-Russell and Tim Woolley’s Polar Capital, Seymour Sy Kaufman and Michael Stark’s Crosslink Capital, and Eric Semler’s TCS Capital Management.
How are insiders trading Jive Software Inc (NASDAQ:JIVE)?
Bullish insider trading is most useful when the company in focus has seen transactions within the past 180 days. Over the last half-year time frame, Jive Software Inc (NASDAQ:JIVE) has seen zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Jive Software Inc (NASDAQ:JIVE). These stocks are Lifelock Inc (NYSE:LOCK), FleetMatics Group PLC (NYSE:FLTX), Monotype Imaging Holdings Inc. (NASDAQ:TYPE), Insight Enterprises, Inc. (NASDAQ:NSIT), and Imperva Inc (NYSE:IMPV). This group of stocks are in the application software industry and their market caps are similar to JIVE’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Lifelock Inc (NYSE:LOCK) | 9 | 0 | 1 |
| FleetMatics Group PLC (NYSE:FLTX) | 7 | 0 | 0 |
| Monotype Imaging Holdings Inc. (NASDAQ:TYPE) | 10 | 0 | 9 |
| Insight Enterprises, Inc. (NASDAQ:NSIT) | 10 | 0 | 10 |
| Imperva Inc (NYSE:IMPV) | 10 | 0 | 11 |
With the results shown by the aforementioned research, retail investors should always keep an eye on hedge fund and insider trading activity, and Jive Software Inc (NASDAQ:JIVE) shareholders fit into this picture quite nicely.
