Hortonworks, Inc. (HDP) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Hortonworks, Inc. (NASDAQ:HDP) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “

Several other research analysts have also recently issued reports on the company. Drexel Hamilton reaffirmed a buy rating and issued a $22.00 price target on shares of Hortonworks in a report on Thursday, September 21st. Royal Bank Of Canada reaffirmed a buy rating and issued a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of Hortonworks in a report on Sunday, September 10th. BidaskClub raised Hortonworks from a hold rating to a buy rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group started coverage on Hortonworks in a report on Tuesday, September 5th. They issued an outperform rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $18.13.

Hortonworks (NASDAQ:HDP) traded down 0.65% during trading on Wednesday, reaching $16.79. The company’s stock had a trading volume of 645,375 shares. The firm has a 50-day moving average price of $16.67 and a 200-day moving average price of $13.39. The firm’s market capitalization is $694.55 million. Hortonworks has a 52 week low of $6.42 and a 52 week high of $17.70.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The company had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) earnings per share. On average, equities analysts anticipate that Hortonworks will post ($1.72) EPS for the current fiscal year.

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In other news, CEO Robert G. Bearden sold 250,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the transaction, the chief executive officer now directly owns 341,747 shares of the company’s stock, valued at $5,854,126.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Davidson sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.69, for a total transaction of $500,700.00. Following the completion of the transaction, the insider now directly owns 1,131,322 shares in the company, valued at $18,881,764.18. The disclosure for this sale can be found here. Insiders sold 709,901 shares of company stock worth $11,582,602 over the last ninety days. 22.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HDP. Nikko Asset Management Americas Inc. increased its stake in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after acquiring an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock worth $8,378,000 after acquiring an additional 582,900 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hortonworks by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after acquiring an additional 412,539 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after acquiring an additional 389,514 shares during the last quarter. Finally, Broadview Advisors LLC acquired a new position in shares of Hortonworks in the second quarter worth $4,485,000. 49.62% of the stock is currently owned by institutional investors and hedge funds.

Hortonworks Company Profile

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.

Get a free copy of the Zacks research report on Hortonworks (HDP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “

Several other research analysts have also recently issued reports on the company. Drexel Hamilton reaffirmed a buy rating and issued a $22.00 price target on shares of Hortonworks in a report on Thursday, September 21st. Royal Bank Of Canada reaffirmed a buy rating and issued a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of Hortonworks in a report on Sunday, September 10th. BidaskClub raised Hortonworks from a hold rating to a buy rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group started coverage on Hortonworks in a report on Tuesday, September 5th. They issued an outperform rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $18.13.

Hortonworks (NASDAQ:HDP) traded down 0.65% during trading on Wednesday, reaching $16.79. The company’s stock had a trading volume of 645,375 shares. The firm has a 50-day moving average price of $16.67 and a 200-day moving average price of $13.39. The firm’s market capitalization is $694.55 million. Hortonworks has a 52 week low of $6.42 and a 52 week high of $17.70.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The company had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) earnings per share. On average, equities analysts anticipate that Hortonworks will post ($1.72) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/07/hortonworks-inc-hdp-upgraded-at-zacks-investment-research.html.

In other news, CEO Robert G. Bearden sold 250,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the transaction, the chief executive officer now directly owns 341,747 shares of the company’s stock, valued at $5,854,126.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Davidson sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.69, for a total transaction of $500,700.00. Following the completion of the transaction, the insider now directly owns 1,131,322 shares in the company, valued at $18,881,764.18. The disclosure for this sale can be found here. Insiders sold 709,901 shares of company stock worth $11,582,602 over the last ninety days. 22.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HDP. Nikko Asset Management Americas Inc. increased its stake in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after acquiring an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock worth $8,378,000 after acquiring an additional 582,900 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hortonworks by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after acquiring an additional 412,539 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after acquiring an additional 389,514 shares during the last quarter. Finally, Broadview Advisors LLC acquired a new position in shares of Hortonworks in the second quarter worth $4,485,000. 49.62% of the stock is currently owned by institutional investors and hedge funds.

Hortonworks Company Profile

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.

Get a free copy of the Zacks research report on Hortonworks (HDP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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