Hortonworks, Inc. (NASDAQ:HDP) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in shares of Hortonworks, Inc. (NASDAQ:HDP) by 71.4% during the second quarter, Holdings Channel reports. The firm owned 990,363 shares of the software maker’s stock after buying an additional 412,539 shares during the period. Russell Investments Group Ltd.’s holdings in Hortonworks were worth $12,756,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Columbia Partners L L C Investment Management purchased a new position in shares of Hortonworks during the first quarter valued at about $1,123,000. Public Employees Retirement System of Ohio raised its position in shares of Hortonworks by 13.2% in the first quarter. Public Employees Retirement System of Ohio now owns 175,664 shares of the software maker’s stock valued at $1,723,000 after buying an additional 20,481 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Hortonworks during the first quarter valued at about $1,814,000. FNY Partners Fund LP purchased a new position in shares of Hortonworks during the first quarter valued at about $117,000. Finally, Lyon Street Capital LLC purchased a new position in shares of Hortonworks during the first quarter valued at about $2,102,000. 50.19% of the stock is owned by institutional investors.
Shares of Hortonworks, Inc. (HDP) traded up 0.83% during midday trading on Friday, reaching $14.57. 484,573 shares of the company’s stock traded hands. The stock’s market cap is $602.72 million. Hortonworks, Inc. has a 12 month low of $6.42 and a 12 month high of $15.18. The stock has a 50 day moving average of $13.47 and a 200-day moving average of $11.57.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.87). Hortonworks had a negative net margin of 107.07% and a negative return on equity of 1,685.64%. The firm had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. During the same period last year, the firm earned ($0.72) earnings per share. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. On average, equities research analysts forecast that Hortonworks, Inc. will post ($1.72) EPS for the current fiscal year.
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Several equities analysts have recently issued reports on the stock. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Thursday. Cowen and Company reissued a “market perform” rating and issued a $14.00 price target (up previously from $11.00) on shares of Hortonworks in a report on Wednesday. Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays PLC reaffirmed an “overweight” rating and issued a $16.00 price objective (up from $15.00) on shares of Hortonworks in a research report on Friday, August 4th. Finally, Mizuho reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Hortonworks in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.77.
In other Hortonworks news, insider Greg Pavlik sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $12.37, for a total value of $1,237,000.00. Following the transaction, the insider now directly owns 254,630 shares of the company’s stock, valued at $3,149,773.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shaun Connolly sold 88,875 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total transaction of $1,163,373.75. Following the completion of the transaction, the insider now directly owns 522,962 shares in the company, valued at $6,845,572.58. The disclosure for this sale can be found here. Insiders sold 467,477 shares of company stock worth $6,025,584 over the last ninety days. Insiders own 26.00% of the company’s stock.
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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