Jive Software, Inc. (JIVE) Stake Increased by Menta Capital LLC

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.

Institutional Ownership by Quarter for Jive Software (NASDAQ:JIVE)

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.

TRADEMARK VIOLATION WARNING: “Jive Software, Inc. (JIVE) Stake Increased by Menta Capital LLC” was first posted by sleekmoney and is the property of of sleekmoney. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://sleekmoney.com/jive-software-inc-jive-stake-increased-by-menta-capital-llc/1902895.html.

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.

Want to see what other hedge funds are holding JIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jive Software, Inc. (NASDAQ:JIVE).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/jive-software-inc-jive-stake-increased-by-menta-capital-llc/1902895.html

Receive News & Ratings for Jive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *