Gradient Investments LLC increased its stake in shares of Hortonworks Inc (NASDAQ:HDP) by 21.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,629 shares of the software maker’s stock after purchasing an additional 4,581 shares during the period. Gradient Investments LLC’s holdings in Hortonworks were worth $515,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. raised its holdings in shares of Hortonworks by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 98,826 shares of the software maker’s stock valued at $1,273,000 after buying an additional 750 shares in the last quarter. Legal & General Group Plc grew its position in Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after acquiring an additional 837 shares during the last quarter. California State Teachers Retirement System grew its position in Hortonworks by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 84,780 shares of the software maker’s stock worth $1,092,000 after acquiring an additional 1,200 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after buying an additional 1,700 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Hortonworks by 13.3% in the 2nd quarter. Nationwide Fund Advisors now owns 27,131 shares of the software maker’s stock worth $349,000 after buying an additional 3,186 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.
In other Hortonworks news, insider Shaun Connolly sold 2,083 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $20.92, for a total transaction of $43,576.36. Following the sale, the insider now owns 238,069 shares of the company’s stock, valued at approximately $4,980,403.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Scott E. Gnau sold 2,659 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $17.12, for a total value of $45,522.08. Following the sale, the chief technology officer now directly owns 345,794 shares in the company, valued at approximately $5,919,993.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 580,631 shares of company stock worth $11,422,958. Insiders own 22.50% of the company’s stock.
Shares of Hortonworks Inc (NASDAQ:HDP) opened at $18.19 on Tuesday. Hortonworks Inc has a 52-week low of $9.10 and a 52-week high of $22.00.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.24). The company had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $70.44 million. The company’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.50) earnings per share. equities research analysts expect that Hortonworks Inc will post -2.5 EPS for the current year.
A number of research analysts have recently commented on the company. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Credit Suisse Group cut Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Tuesday, January 16th. Mizuho lifted their price objective on Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, January 12th. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Barclays lowered Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock 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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