Macquarie Group Ltd. Invests $1,079,000 in Hortonworks Inc. (HDP)
Macquarie Group Ltd. acquired a new stake in Hortonworks Inc. (NASDAQ:HDP) during the second quarter, Holdings Channel reports. The institutional investor acquired 100,910 shares of the company’s stock, valued at approximately $1,079,000. Macquarie Group Ltd. owned about 0.24% of Hortonworks as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of HDP. Passport Capital LLC boosted its stake in shares of Hortonworks by 3.6% in the second quarter. Passport Capital LLC now owns 6,905,870 shares of the company’s stock valued at $73,824,000 after buying an additional 237,365 shares in the last quarter. FMR LLC raised its position in shares of Hortonworks by 19.0% in the second quarter. FMR LLC now owns 4,591,300 shares of the company’s stock worth $49,081,000 after buying an additional 731,490 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hortonworks by 17.7% in the second quarter. Vanguard Group Inc. now owns 2,609,182 shares of the company’s stock worth $27,892,000 after buying an additional 392,256 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Hortonworks by 338.5% in the second quarter. BlackRock Fund Advisors now owns 952,425 shares of the company’s stock valued at $10,181,000 after buying an additional 735,241 shares in the last quarter. Finally, Harvest Capital Strategies LLC raised its position in shares of Hortonworks by 153.3% in the first quarter. Harvest Capital Strategies LLC now owns 950,000 shares of the company’s stock valued at $10,735,000 after buying an additional 575,000 shares in the last quarter. Institutional investors own 51.80% of the company’s stock.
Shares of Hortonworks Inc. (NASDAQ:HDP) opened at 8.27 on Thursday. Hortonworks Inc. has a 12-month low of $7.12 and a 12-month high of $24.43. The company has a 50-day moving average price of $8.45 and a 200 day moving average price of $10.55. The company’s market capitalization is $342.11 million.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by $0.02. Hortonworks had a negative return on equity of 236.91% and a negative net margin of 144.53%. The firm had revenue of $43.60 million for the quarter, compared to the consensus estimate of $45.24 million. During the same period in the previous year, the company posted ($0.82) EPS. Hortonworks’s quarterly revenue was up 45.7% compared to the same quarter last year. On average, equities analysts anticipate that Hortonworks Inc. will post ($2.65) earnings per share for the current fiscal year.
HDP has been the topic of several analyst reports. Wunderlich restated a “buy” rating on shares of Hortonworks in a report on Wednesday, July 6th. Northland Securities initiated coverage on shares of Hortonworks in a research report on Friday, June 17th. They set an “outperform” rating and a $24.00 price objective for the company. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Drexel Hamilton reissued a “buy” rating and set a $30.00 price objective on shares of Hortonworks in a research report on Tuesday, August 2nd. Finally, Rosenblatt Securities started coverage on shares of Hortonworks in a research report on Monday, August 8th. They issued a “buy” rating and a $20.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.85.
In other news, insider Scott Reasoner sold 2,594 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $12.44, for a total value of $32,269.36. Following the completion of the transaction, the insider now directly owns 135,874 shares in the company, valued at $1,690,272.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Greg Pavlik sold 76,313 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $9.13, for a total value of $696,737.69. Following the completion of the transaction, the insider now owns 386,580 shares of the company’s stock, valued at $3,529,475.40. The disclosure for this sale can be found here. Corporate insiders own 26.00% of the company’s stock.
Hortonworks, Inc is a provider and distributor of an 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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