California State Teachers Retirement System increased its position in shares of Jive Software Inc. (NASDAQ:JIVE) by 21.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,049 shares of the company’s stock after buying an additional 21,419 shares during the period. California State Teachers Retirement System owned about 0.16% of Jive Software worth $455,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Okumus Fund Management Ltd. increased its position in Jive Software by 38.4% in the first quarter. Okumus Fund Management Ltd. now owns 3,533,287 shares of the company’s stock worth $13,356,000 after buying an additional 979,714 shares during the last quarter. Palisade Capital Management LLC NJ increased its position in Jive Software by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 1,254,984 shares of the company’s stock valued at $4,744,000 after buying an additional 120,404 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Jive Software during the first quarter valued at $291,000. Geode Capital Management LLC increased its position in Jive Software by 9.8% in the first quarter. Geode Capital Management LLC now owns 332,758 shares of the company’s stock valued at $1,257,000 after buying an additional 29,832 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Jive Software by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 234,995 shares of the company’s stock valued at $884,000 after buying an additional 23,234 shares during the last quarter. Institutional investors own 57.82% of the company’s stock.
Jive Software Inc. (NASDAQ:JIVE) traded up 0.25% on Tuesday, reaching $4.09. 142,199 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $4.27 and its 200 day moving average price is $3.99. The company’s market cap is $317.83 million. Jive Software Inc. has a 12 month low of $2.84 and a 12 month high of $5.21.
Jive Software (NASDAQ:JIVE) last issued its earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Jive Software had a negative net margin of 15.62% and a negative return on equity of 38.48%. The firm had revenue of $51 million for the quarter, compared to analysts’ expectations of $49.80 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Jive Software Inc. will post $0.04 EPS for the current fiscal year.
Separately, Credit Suisse Group AG restated a “hold” rating and set a $3.50 price objective on shares of Jive Software in a report on Monday, August 1st.
In other news, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $4.09, for a total value of $26,666.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ofer Ben-David sold 21,875 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $3.96, for a total transaction of $86,625.00. Following the completion of the transaction, the executive vice president now owns 396,625 shares in the company, valued at approximately $1,570,635. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by insiders.
Jive Software Company Profile
Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.
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