TIAA CREF Investment Management LLC decreased its position in shares of Hortonworks, Inc. (NASDAQ:HDP) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 114,111 shares of the software maker’s stock after selling 4,246 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Hortonworks worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rock Point Advisors LLC boosted its stake in shares of Hortonworks by 10.1% in the first quarter. Rock Point Advisors LLC now owns 352,465 shares of the software maker’s stock valued at $3,458,000 after buying an additional 32,370 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hortonworks during the first quarter valued at approximately $192,000. American International Group Inc. boosted its stake in shares of Hortonworks by 7.4% in the first quarter. American International Group Inc. now owns 24,917 shares of the software maker’s stock valued at $244,000 after buying an additional 1,723 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hortonworks during the first quarter valued at approximately $322,000. Finally, Trexquant Investment LP bought a new stake in shares of Hortonworks during the first quarter valued at approximately $594,000. Institutional investors own 48.69% of the company’s stock.

Shares of Hortonworks, Inc. (HDP) traded down 1.85% during trading on Thursday, reaching $14.84. 106,226 shares of the company traded hands. The firm has a 50 day moving average of $13.56 and a 200 day moving average of $11.71. Hortonworks, Inc. has a 52 week low of $6.42 and a 52 week high of $15.18. The stock’s market capitalization is $613.89 million.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results 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 765.37%. The business had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $57.62 million. During the same period last year, the business earned ($0.72) earnings per share. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, equities analysts predict that Hortonworks, Inc. will post ($1.72) EPS for the current year.

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Several brokerages have commented on HDP. Cowen and Company reiterated a “market perform” rating and issued a $14.00 price target (up previously from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Mizuho reiterated a “hold” rating and issued a $14.00 price target on shares of Hortonworks in a research note on Friday, August 4th. Barclays PLC reiterated an “overweight” rating and issued a $16.00 price target (up previously from $15.00) on shares of Hortonworks in a research note on Friday, August 4th. Finally, Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.77.

In related news, insider Shaun Connolly sold 88,875 shares of Hortonworks stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total value of $1,163,373.75. Following the completion of the transaction, the insider now owns 522,962 shares in the company, valued at $6,845,572.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greg Pavlik sold 100,000 shares of Hortonworks stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now owns 254,630 shares of the company’s stock, valued at approximately $3,149,773.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,675 shares of company stock valued at $6,035,509. 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.

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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