Menta Capital LLC increased its stake in shares of Jive Software, Inc. (NASDAQ:JIVE) by 33.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 544,855 shares of the software maker’s stock after buying an additional 136,434 shares during the period. Menta Capital LLC’s holdings in Jive Software were worth $2,343,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY raised its stake in shares of 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 valued at $161,000 after buying an additional 127 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Jive Software by 7.3% in the first quarter. Prudential Financial Inc. now owns 25,110 shares of the software maker’s stock valued at $108,000 after buying an additional 1,700 shares during the last quarter. American International Group Inc. raised its stake in shares of Jive Software by 7.1% in the first quarter. American International Group Inc. now owns 35,562 shares of the software maker’s stock valued at $153,000 after buying an additional 2,365 shares during the last quarter. Engine Capital Management LLC acquired a new stake in shares of Jive Software during the fourth quarter valued at approximately $802,575,000. Finally, Global X Management Co. LLC raised its stake in shares of Jive Software by 10.9% in the first quarter. Global X Management Co. LLC now owns 53,077 shares of the software maker’s stock valued at $228,000 after buying an additional 5,215 shares during the last quarter. Institutional investors own 65.36% of the company’s stock.
Shares of Jive Software, Inc. (NASDAQ JIVE) remained flat at $5.25 during mid-day trading on Monday. Jive Software, Inc. has a 12 month low of $3.50 and a 12 month high of $5.35. The stock’s 50-day moving average price is $5.22 and its 200-day moving average price is $4.49. The firm’s market capitalization is $418.75 million.
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JIVE has been the topic of several research analyst reports. B. Riley initiated coverage on Jive Software in a report on Tuesday, April 11th. They issued a “buy” rating and a $6.00 price objective on the stock. Zacks Investment Research lowered Jive Software from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th.
In related news, Chairman Anthony Zingale sold 377,667 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $5.30, for a total value of $2,001,635.10. Following the completion of the transaction, the chairman now directly owns 599,380 shares of the company’s stock, valued at approximately $3,176,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.70% of the company’s stock.
About Jive Software
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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