QS Investors LLC raised its holdings in Hortonworks Inc (NASDAQ:HDP) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 331,231 shares of the software maker’s stock after purchasing an additional 8,862 shares during the quarter. QS Investors LLC’s holdings in Hortonworks were worth $6,661,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Elk Creek Partners LLC purchased a new stake in Hortonworks in the third quarter valued at $3,152,000. State Street Corp boosted its holdings in Hortonworks by 8.8% in the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after purchasing an additional 62,903 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Hortonworks by 66.7% in the third quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock valued at $4,523,000 after purchasing an additional 106,777 shares during the last quarter. Commonwealth Equity Services Inc purchased a new stake in Hortonworks in the third quarter valued at $1,333,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Hortonworks in the third quarter valued at $5,094,000. 67.52% of the stock is currently owned by institutional investors.
HDP has been the topic of several recent research reports. Mizuho upped their price target on shares of Hortonworks from $14.00 to $23.00 and gave the company a “buy” rating in a report on Friday, January 12th. Barclays lowered shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a research note on Monday, January 8th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research note on Tuesday, December 12th. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group lowered shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research note on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.36.
In related news, insider Scott Davidson sold 45,630 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $19.92, for a total value of $908,949.60. Following the transaction, the insider now directly owns 985,550 shares of the company’s stock, valued at approximately $19,632,156. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Reasoner sold 5,224 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $20.29, for a total transaction of $105,994.96. Following the completion of the transaction, the insider now directly owns 228,725 shares in the company, valued at $4,640,830.25. The disclosure for this sale can be found here. Insiders sold a total of 1,297,202 shares of company stock worth $24,118,665 over the last ninety days. 22.50% of the stock is currently owned by corporate insiders.
Shares of Hortonworks Inc (HDP) opened at $20.72 on Tuesday. The stock has a market cap of $1,500.81, a PE ratio of -6.66 and a beta of 1.57. Hortonworks Inc has a 12 month low of $9.10 and a 12 month high of $22.00.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.24). The company had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $70.44 million. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.50) earnings per share. analysts anticipate that Hortonworks Inc will post -2.5 EPS for the current year.
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Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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