Columbia Partners L L C Investment Management Invests $1.12 Million in Hortonworks, Inc. (HDP)
Columbia Partners L L C Investment Management bought a new position in shares of Hortonworks, Inc. (NASDAQ:HDP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 114,576 shares of the software maker’s stock, valued at approximately $1,123,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Hortonworks during the fourth quarter valued at $3,887,000. Allianz Asset Management AG increased its stake in shares of Hortonworks by 30.1% in the fourth quarter. Allianz Asset Management AG now owns 1,755,403 shares of the software maker’s stock valued at $14,587,000 after buying an additional 406,170 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Hortonworks during the first quarter worth about $198,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Hortonworks during the first quarter worth about $294,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Hortonworks by 50.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,600 shares of the software maker’s stock worth $663,000 after buying an additional 22,600 shares during the last quarter. Hedge funds and other institutional investors own 49.80% of the company’s stock.
Shares of Hortonworks, Inc. (NASDAQ:HDP) traded up 0.81% on Tuesday, reaching $13.74. The company’s stock had a trading volume of 104,547 shares. The company’s market cap is $568.38 million. The company’s 50 day moving average price is $12.49 and its 200 day moving average price is $10.37. Hortonworks, Inc. has a 12-month low of $6.42 and a 12-month high of $13.89.
Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.05. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 120.94%. The firm had revenue of $55.97 million for the quarter, compared to the consensus estimate of $52.21 million. During the same quarter in the prior year, the business earned ($0.68) EPS. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. Analysts forecast that Hortonworks, Inc. will post ($1.81) EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Cowen and Company upped their target price on Hortonworks from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. Wunderlich increased their price target on Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Drexel Hamilton reissued a “buy” rating and issued a $21.00 price target on shares of Hortonworks in a research note on Wednesday, June 14th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Hortonworks in a research note on Monday, June 12th. Finally, Mizuho cut Hortonworks from a “buy” rating to a “neutral” rating and increased their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Hortonworks currently has an average rating of “Buy” and an average target price of $15.45.
In other Hortonworks news, insider Greg Pavlik sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the transaction, the insider now owns 254,630 shares in the company, valued at approximately $3,149,773.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shaun Connolly sold 7,831 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.48, for a total value of $105,561.88. Following the transaction, the insider now owns 611,837 shares in the company, valued at approximately $8,247,562.76. The disclosure for this sale can be found here. Insiders have sold a total of 394,664 shares of company stock worth $4,927,304 in the last quarter. Company insiders own 26.00% of the company’s stock.
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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