Osterweis Capital Management Inc. purchased a new position in Hortonworks Inc (NASDAQ:HDP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 176,225 shares of the software maker’s stock, valued at approximately $3,544,000. Osterweis Capital Management Inc. owned 0.24% of Hortonworks as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its holdings 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 worth $160,000 after buying an additional 1,700 shares during the period. AXA acquired a new position in Hortonworks in the 4th quarter worth approximately $209,000. Voya Investment Management LLC boosted its position in Hortonworks by 21.3% in the 2nd quarter. Voya Investment Management LLC now owns 21,411 shares of the software maker’s stock worth $276,000 after purchasing an additional 3,766 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Hortonworks in the 4th quarter worth approximately $327,000. Finally, Nationwide Fund Advisors boosted its position in 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 purchasing an additional 3,186 shares in the last quarter. Hedge funds and other institutional investors own 67.52% of the company’s stock.
In related news, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $20.92, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, insider Scott Davidson sold 49,539 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $20.74, for a total value of $1,027,438.86. Following the completion of the sale, the insider now owns 936,011 shares in the company, valued at $19,412,868.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,297,202 shares of company stock worth $24,118,665. 22.50% of the stock is currently owned by company insiders.
HDP has been the subject of a number of recent research reports. Mizuho raised their target price on Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Barclays downgraded Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a research report on Monday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Hortonworks in a research report on Tuesday, December 12th. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group cut Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Tuesday, January 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Hortonworks presently has a consensus rating of “Buy” and a consensus target price of $22.36.
Shares of Hortonworks Inc (HDP) traded up $0.06 during trading hours on Wednesday, reaching $20.55. The company’s stock had a trading volume of 844,290 shares, compared to its average volume of 858,384. The firm has a market capitalization of $1,450.00, a price-to-earnings ratio of -6.63 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 posted its earnings results 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 during the quarter, compared to analyst estimates of $70.44 million. Hortonworks’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.50) EPS. research analysts forecast that Hortonworks Inc will post -2.5 EPS for the current fiscal year.
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.
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