Aerohive Networks Inc (HIVE): SQN Investors Increases Its Stake

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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).

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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 0 2,788,372 0 2,788,372 2,788,372 5.6%
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%
Amish Mehta 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%

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Page 1 of 10 – SEC Filing

Washington, D.C. 20549


Under the Securities Exchange Act of 1934
(Amendment No. ___)*

Aerohive Networks, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)


(CUSIP Number)

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)

* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a currently valid OMB control number.


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