Edge Wealth Management LLC increased its stake in Hortonworks Inc (NASDAQ:HDP) by 71.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,379 shares of the software maker’s stock after purchasing an additional 11,029 shares during the quarter. Edge Wealth Management LLC’s holdings in Hortonworks were worth $530,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. ETF Managers Group LLC acquired a new stake in Hortonworks in the 2nd quarter valued at $125,000. Legal & General Group Plc boosted its stake in Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Hortonworks in the 2nd quarter valued at $170,000. Finally, Quantbot Technologies LP acquired a new stake in Hortonworks in the 2nd quarter valued at $173,000. 57.47% of the stock is currently owned by institutional investors.
Hortonworks Inc (HDP) traded down $1.69 on Friday, hitting $17.15. The stock had a trading volume of 2,848,885 shares, compared to its average volume of 549,845. Hortonworks Inc has a 52 week low of $9.10 and a 52 week high of $22.00. The firm has a market capitalization of $1,210.00, a PE ratio of -5.09 and a beta of 1.52.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.24). The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. The business’s quarterly revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.50) earnings per share. equities analysts forecast that Hortonworks Inc will post -3.02 earnings per share for the current year.
In other news, insider Shaun Connolly sold 2,083 shares of Hortonworks stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.23, for a total value of $37,973.09. Following the transaction, the insider now owns 366,988 shares in the company, valued at approximately $6,690,191.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert G. Bearden sold 148,899 shares of Hortonworks stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total value of $2,791,856.25. Following the completion of the transaction, the chief executive officer now owns 2,054,076 shares in the company, valued at approximately $38,513,925. The disclosure for this sale can be found here. In the last quarter, insiders have sold 724,276 shares of company stock worth $14,124,184. 22.50% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on HDP shares. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, November 7th. Mizuho reiterated a “hold” rating and issued a $14.00 price objective on shares of Hortonworks in a report on Thursday, November 2nd. Northland Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of Hortonworks in a report on Thursday, October 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $23.00 price target on shares of Hortonworks in a report on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Hortonworks currently has an average rating of “Buy” and a consensus price target of $21.92.
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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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