Alambic Investment Management L.P. boosted its position in Jive Software Inc (NASDAQ:JIVE) by 38.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 367,719 shares of the software maker’s stock after buying an additional 102,367 shares during the period. Alambic Investment Management L.P.’s holdings in Jive Software were worth $1,581,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in JIVE. Russell Investments Group Ltd. purchased a new stake in Jive Software during the fourth quarter worth $212,000. Pier 88 Investment Partners LLC purchased a new stake in Jive Software during the fourth quarter worth $562,000. State Street Corp boosted its stake in Jive Software by 8.4% in the fourth quarter. State Street Corp now owns 848,210 shares of the software maker’s stock worth $3,690,000 after buying an additional 66,052 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Jive Software by 9.1% in the fourth quarter. Renaissance Technologies LLC now owns 3,346,900 shares of the software maker’s stock worth $14,559,000 after buying an additional 278,700 shares in the last quarter. Finally, Menta Capital LLC boosted its stake in Jive Software by 27.2% in the fourth quarter. Menta Capital LLC now owns 408,421 shares of the software maker’s stock worth $1,777,000 after buying an additional 87,352 shares in the last quarter. Institutional investors and hedge funds own 58.84% of the company’s stock.
Shares of Jive Software Inc (NASDAQ:JIVE) traded up 0.000% on Friday, hitting $5.275. The company’s stock had a trading volume of 701,665 shares. The company’s market cap is $417.64 million. Jive Software Inc has a 52 week low of $3.50 and a 52 week high of $5.35. The stock’s 50 day moving average is $4.85 and its 200-day moving average is $4.34.
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A number of equities research analysts recently weighed in on JIVE shares. Zacks Investment Research upgraded Jive Software from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Friday, February 10th. B. Riley assumed coverage on Jive Software in a research note on Tuesday, April 11th. They issued a “buy” rating and a $6.00 target price on the stock.
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 shares were 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 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 available at the SEC website. Company 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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