Swiss National Bank Has $340,000 Stake in Jive Software Inc (NASDAQ:JIVE)
Swiss National Bank maintained its position in Jive Software Inc (NASDAQ:JIVE) during the first quarter, Holdings Channel reports. The fund owned 79,086 shares of the software maker’s stock at the end of the first quarter. Swiss National Bank’s holdings in Jive Software were worth $340,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Highbridge Capital Management LLC bought a new position in Jive Software during the fourth quarter worth approximately $146,000. Metropolitan Life Insurance Co. NY increased its position in Jive Software by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 37,114 shares of the software maker’s stock worth $161,000 after buying an additional 127 shares during the period. Acadian Asset Management LLC increased its position in Jive Software by 47.7% in the first quarter. Acadian Asset Management LLC now owns 39,090 shares of the software maker’s stock worth $169,000 after buying an additional 12,628 shares during the period. Russell Investments Group Ltd. bought a new position in Jive Software during the fourth quarter worth approximately $212,000. Finally, Two Sigma Investments LP increased its position in Jive Software by 269.3% in the fourth quarter. Two Sigma Investments LP now owns 104,036 shares of the software maker’s stock worth $453,000 after buying an additional 75,868 shares during the period. Hedge funds and other institutional investors own 65.36% of the company’s stock.
Jive Software Inc (NASDAQ JIVE) opened at 5.25 on Friday. Jive Software Inc has a 1-year low of $3.50 and a 1-year high of $5.35. The firm’s 50-day moving average is $5.23 and its 200-day moving average is $4.50.
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A number of research firms have commented on JIVE. B. Riley reiterated a “neutral” rating and set a $5.25 price objective on shares of Jive Software in a research note on Sunday, June 18th. Zacks Investment Research downgraded shares of Jive Software from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th.
In related news, Chairman Anthony Zingale sold 377,667 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $5.30, for a total transaction of $2,001,635.10. Following the transaction, the chairman now owns 599,380 shares of the company’s stock, valued at $3,176,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.70% of the company’s stock.
Jive Software Company Profile
Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub.
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