Strs Ohio lessened its stake in Hortonworks Inc (NASDAQ:HDP) by 77.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the software maker’s stock after selling 35,000 shares during the period. Strs Ohio’s holdings in Hortonworks were worth $182,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Amalgamated Bank bought a new position in Hortonworks in the second quarter worth approximately $192,000. Verition Fund Management LLC bought a new position in Hortonworks in the first quarter worth approximately $211,000. Xact Kapitalforvaltning AB bought a new position in Hortonworks in the first quarter worth approximately $236,000. New Jersey Better Educational Savings Trust boosted its holdings in Hortonworks by 21.4% in the second quarter. New Jersey Better Educational Savings Trust now owns 17,000 shares of the software maker’s stock worth $310,000 after acquiring an additional 3,000 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Hortonworks in the first quarter worth approximately $351,000. Institutional investors own 81.32% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine raised Hortonworks from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 4th. DA Davidson increased their price objective on Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Wells Fargo & Co increased their price objective on Hortonworks to $32.50 and gave the stock an “outperform” rating in a research note on Friday, September 14th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Finally, BTIG Research initiated coverage on Hortonworks in a research note on Wednesday, September 12th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.90.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.11. The company had revenue of $86.34 million during the quarter, compared to the consensus estimate of $80.34 million. As a group, equities analysts predict that Hortonworks Inc will post -1.99 EPS for the current fiscal year.
In other Hortonworks news, CEO Robert G. Bearden sold 258,098 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $21.77, for a total transaction of $5,618,793.46. Following the sale, the chief executive officer now owns 1,265,633 shares in the company, valued at $27,552,830.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Alan Fudge sold 60,350 shares of Hortonworks stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $17.66, for a total value of $1,065,781.00. Following the completion of the transaction, the executive now owns 416,575 shares in the company, valued at approximately $7,356,714.50. The disclosure for this sale can be found here. Insiders have sold 993,256 shares of company stock valued at $21,675,146 in the last three months. 15.60% of the stock is owned by corporate insiders.
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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