Fairfield Bush & CO. raised its holdings in shares of Hortonworks (NASDAQ:HDP) by 97.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,600 shares of the software maker’s stock after purchasing an additional 17,600 shares during the period. Fairfield Bush & CO.’s holdings in Hortonworks were worth $725,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of HDP. AXA purchased a new stake in Hortonworks during the 4th quarter valued at $209,000. Guggenheim Capital LLC purchased a new position in shares of Hortonworks in the 4th quarter worth $255,000. Teacher Retirement System of Texas purchased a new position in shares of Hortonworks in the 4th quarter worth $327,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Hortonworks in the 4th quarter worth $385,000. Finally, Balter Liquid Alternatives LLC purchased a new position in shares of Hortonworks in the 4th quarter worth $416,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
Shares of Hortonworks stock opened at $17.07 on Monday. Hortonworks has a one year low of $11.50 and a one year high of $22.00. The firm has a market capitalization of $1.35 billion, a P/E ratio of -5.58 and a beta of 1.42.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The company had revenue of $79.06 million during the quarter, compared to the consensus estimate of $75.26 million. During the same period in the prior year, the business posted ($0.50) earnings per share. Hortonworks’s revenue for the quarter was up 41.3% compared to the same quarter last year. analysts anticipate that Hortonworks will post -2.14 earnings per share for the current year.
A number of research firms have recently issued reports on HDP. ValuEngine downgraded Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Monness Crespi & Hardt began coverage on Hortonworks in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Barclays restated a “hold” rating and issued a $20.00 price target on shares of Hortonworks in a research note on Friday, April 13th. Finally, Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, April 11th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.33.
In other Hortonworks news, CEO Robert G. Bearden sold 125,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $20.42, for a total transaction of $2,552,500.00. Following the sale, the chief executive officer now directly owns 1,830,727 shares of the company’s stock, valued at $37,383,445.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert G. Bearden sold 113,900 shares of the firm’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $16.70, for a total value of $1,902,130.00. Following the sale, the chief executive officer now directly owns 1,659,830 shares in the company, valued at $27,719,161. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,892,048 shares of company stock worth $34,856,511. 15.60% of the stock is owned by insiders.
Hortonworks Company Profile
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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