Hortonworks, Inc. (HDP) Holdings Boosted by State Street Corp
State Street Corp boosted its stake in shares of Hortonworks, Inc. (NASDAQ:HDP) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,256 shares of the software maker’s stock after purchasing an additional 62,903 shares during the period. State Street Corp owned approximately 1.88% of Hortonworks worth $10,036,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Lyon Street Capital LLC raised its stake in Hortonworks by 27.0% during the second quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock worth $3,505,000 after purchasing an additional 57,845 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Hortonworks by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock worth $2,012,000 after purchasing an additional 29,747 shares during the period. Strs Ohio purchased a new position in Hortonworks during the second quarter worth approximately $408,000. Northern Trust Corp raised its stake in Hortonworks by 12.3% during the second quarter. Northern Trust Corp now owns 573,682 shares of the software maker’s stock worth $7,389,000 after purchasing an additional 62,673 shares during the period. Finally, Comerica Bank purchased a new position in Hortonworks during the second quarter worth approximately $1,216,000. 50.94% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen Inc reissued a “market perform” rating and issued a $14.00 target price (up previously from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research note on Friday, November 3rd. Finally, Drexel Hamilton reissued a “buy” rating and issued a $26.00 target price on shares of Hortonworks in a research note on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.46.
In related news, insider Scott Davidson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $16.69, for a total transaction of $500,700.00. Following the completion of the sale, the insider now directly owns 1,131,322 shares of the company’s stock, valued at approximately $18,881,764.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $17.01, for a total transaction of $35,431.83. Following the sale, the insider now directly owns 387,412 shares of the company’s stock, valued at $6,589,878.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 755,013 shares of company stock valued at $13,104,329. Company insiders own 22.50% of the company’s stock.
Hortonworks, Inc. (NASDAQ:HDP) opened at $20.38 on Monday. Hortonworks, Inc. has a one year low of $8.02 and a one year high of $20.66.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The business had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.11 million. During the same quarter last year, the firm posted ($0.68) EPS. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. equities analysts expect that Hortonworks, Inc. will post -2.98 earnings per share for the current fiscal year.
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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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