Bank of New York Mellon Corp Buys 23,234 Shares of Jive Software Inc. (JIVE)

Bank of New York Mellon Corp increased its stake in shares of Jive Software Inc. (NASDAQ:JIVE) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,995 shares of the company’s stock after buying an additional 23,234 shares during the period. Bank of New York Mellon Corp owned about 0.31% of Jive Software worth $884,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JIVE. NN Investment Partners Holdings N.V. bought a new position in shares of Jive Software during the first quarter valued at $291,000. Geode Capital Management LLC boosted its position in shares of 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 period. Finally, Okumus Fund Management Ltd. boosted its position in shares of Jive Software by 38.4% in the first quarter. Okumus Fund Management Ltd. now owns 3,533,287 shares of the company’s stock valued at $13,356,000 after buying an additional 979,714 shares during the period. Institutional investors own 57.82% of the company’s stock.

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

Jive Software Inc. (NASDAQ:JIVE) traded down 0.6741% during trading on Monday, reaching $4.0227. The company had a trading volume of 38,057 shares. Jive Software Inc. has a one year low of $2.84 and a one year high of $5.21. The firm’s 50-day moving average price is $4.22 and its 200 day moving average price is $3.99. The firm’s market capitalization is $312.60 million.

Jive Software (NASDAQ:JIVE) last issued its earnings results on Tuesday, August 2nd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Jive Software had a negative return on equity of 38.48% and a negative net margin of 15.62%. The business had revenue of $51 million for the quarter, compared to the consensus estimate of $49.80 million. During the same period last year, the business posted ($0.03) EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that Jive Software Inc. will post $0.04 earnings per share for the current fiscal year.

Separately, Credit Suisse Group AG reiterated a “hold” rating and issued a $3.50 price target on shares of Jive Software in a research report on Monday, August 1st.

In other news, EVP Ofer Ben-David sold 21,875 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 396,625 shares of the company’s stock, valued at approximately $1,570,635. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $4.09, for a total value of $26,666.80. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.

About Jive Software

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.

5 Day Chart for NASDAQ:JIVE

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