NJ State Employees Deferred Compensation Plan lifted its stake in Hortonworks, Inc. (NASDAQ:HDP) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the software maker’s stock after acquiring an additional 10,000 shares during the period. NJ State Employees Deferred Compensation Plan owned approximately 0.10% of Hortonworks worth $678,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HDP. Nikko Asset Management Americas Inc. grew its stake in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after acquiring an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock worth $8,378,000 after acquiring an additional 582,900 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Hortonworks by 71.4% during the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after buying an additional 412,539 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hortonworks by 13.6% during the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after buying an additional 389,514 shares in the last quarter. Finally, Broadview Advisors LLC acquired a new stake in Hortonworks during the second quarter worth $4,485,000. Institutional investors and hedge funds own 50.25% of the company’s stock.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. Hortonworks’s revenue was up 45.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.68) earnings per share.

HDP has been the topic of a number of recent research reports. Mizuho reiterated a “hold” rating and set a $14.00 price target on shares of Hortonworks in a research note on Friday, August 4th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a research note on Sunday, September 10th. Northland Securities reiterated a “buy” rating and set a $24.00 price target on shares of Hortonworks in a research note on Monday, July 17th. BidaskClub downgraded shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research note on Saturday, July 22nd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Hortonworks currently has a consensus rating of “Buy” and a consensus target price of $18.93.

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In related news, CTO Scott E. Gnau sold 5,255 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $15.00, for a total value of $78,825.00. Following the sale, the chief technology officer now directly owns 351,070 shares of the company’s stock, valued at $5,266,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Bearden sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the completion of the sale, the chief executive officer now directly owns 341,747 shares in the company, valued at $5,854,126.11. The disclosure for this sale can be found here. Insiders sold 662,072 shares of company stock worth $11,067,468 over the last ninety days. 22.50% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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