Jive Software, Inc. (JIVE) Position Boosted by Divisar Capital Management LLC

Divisar Capital Management LLC increased its position in shares of Jive Software, Inc. (NASDAQ:JIVE) by 26.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,433 shares of the software maker’s stock after buying an additional 243,770 shares during the period. Jive Software makes up about 2.7% of Divisar Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Divisar Capital Management LLC owned 1.48% of Jive Software worth $5,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JIVE. Francisco Partners Management LP bought a new position in shares of Jive Software during the fourth quarter worth about $25,280,000. Renaissance Technologies LLC raised its position in shares of Jive Software by 15.9% in the first quarter. Renaissance Technologies LLC now owns 3,879,700 shares of the software maker’s stock worth $16,683,000 after buying an additional 532,800 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of Jive Software during the first quarter worth about $1,360,000. TFS Capital LLC raised its position in shares of Jive Software by 1,302.0% in the first quarter. TFS Capital LLC now owns 272,171 shares of the software maker’s stock worth $1,170,000 after buying an additional 252,758 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Jive Software by 2.7% in the first quarter. Vanguard Group Inc. now owns 5,562,447 shares of the software maker’s stock worth $23,918,000 after buying an additional 145,195 shares during the last quarter. Institutional investors and hedge funds 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 on Friday. Jive Software, Inc. has a 52-week low of $3.50 and a 52-week high of $5.35. The firm’s market cap is $418.75 million. The company’s 50-day moving average is $5.23 and its 200 day moving average is $4.50.

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JIVE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Jive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. B. Riley lowered shares of Jive Software from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.25 in a research note on Tuesday, May 2nd.

In other news, Chairman Anthony Zingale sold 377,667 shares of the business’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 transaction of $2,001,635.10. Following the completion of the sale, the chairman now owns 599,380 shares in the company, valued at approximately $3,176,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.70% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:JIVE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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